Omers is now the proud owner of V.Group.
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has successfully completed their acquisition of V.Group Ltd. (“V.Group”) from Exponent Private Equity for an enterprise value of US$520 million.
V.Group is one of the world’s largest shipping service firms, offering outsourced ship management, crew provision and related marine services. The company operates across 34 countries and manages the running and maintenance of over 700 vessels on behalf of its customers. V.Group’s management team will continue to lead the company.
OMERS announced on July 28, 2011 it had signed a definitive agreement to acquire V.Group from Exponent Private Equity. Members of V.Group’s management team will remain significant investors in the business through continued equity ownership.