Private equity firm Advent International paid $588m last year to buy one of the world’s shipmanagers, V.Group, recently released documents reveal.
The deal, which is thought to be one of the biggest private equity investments yet seen in the shipping services sector, was settled with $429m in cash and $159m in loan notes and new equity.
Advent bought V.Group from Canadian pension fund OMERS Private Equity in March 2017.
