Star Capital Partnership has taken over the world’s largest third-party ship manager, V.Group, at a time it expects shipowners have an increased appetite to outsource.

Star Capital teamed up with diversified Antwerp-based investor Ackermans & van Haaren and others to buy V.Group from Advent International, the parties announced on Monday.

Sources close to Star Capital told TradeWinds the takeover would allow the operation to accelerate a strategic journey the London-based private equity fund has been on for the past three years.