Ship manager and marine services outfit V.Group will have less debt and a bigger expansion war chest under its new owning consortium, chief executive Rene Kofod-Olsen told TradeWinds.

On Monday, it was revealed that London-based Star Capital had become the fourth private equity player to take ownership of the company in the past 17 years.

Star Capital teamed up with diversified Antwerp-based investor Ackermans & van Haaren to buy V.Group