AvH's investment has a value of approximately 150 million US dollars.
Ackermans & van Haaren (AvH), a listed holding company from Antwerp, has acquired a third of the British maritime service provider V.Group. Together with the European investment manager STAR Capital, AvH acquires V.Group from Advent International.
V.Group is a global leader in ship management and maritime support, offering services such as technical management, crew management, and other specialized services.
Headquartered in London, the company has 50 offices in 30 countries worldwide with approximately 2,900 employees.
V.Group has a network of more than 44,000 seafarers and manages approximately 900 vessels, servicing a total of 2,500 vessels. In 2022, V.Group achieved a turnover of more than 650 million dollars and an EBITDA of more than 90 million dollars.
The market in which V.Group is active is growing due to increasing complexity in regulations and technology. The company plays a key role in the decarbonization of the shipping industry with its ESG services.
AvH's investment in V.Group, worth approximately 150 million dollars, is expected to be completed in the second half of 2024, subject to regulatory approvals. Piet Dejonghe, co-CEO of AvH, emphasizes that this investment fits perfectly within AvH's investment criteria, thanks to the strong management team, the market leading position and the growth potential of V.Group.
Ackermans & van Haaren
Ackermans & van Haaren positions itself as the long-term partner of choice for family businesses and management teams, to jointly develop high-performance market leaders and contribute to a more sustainable world. Ackermans & van Haaren is a diversified group active in 4 core sectors: Marine Engineering & Contracting (DEME, one of the largest dredging companies in the world - CFE, a construction group with headquarters in Belgium), Private Banking (Delen Private Bank, one of the largest independent private asset managers in Belgium, and asset manager JM Finn in the UK - Bank Van Breda, niche bank for entrepreneurs and the liberal professions in Belgium), Real Estate (Nextensa, a listed integrated real estate group) and Energy & Resources (SIPEF, an agro-industrial group in tropical agriculture), AvH also provides growth capital in its Growth Capital segment to sustainable companies in various sectors.
In economic terms, the AvH group, through its share in the participations, represented a turnover of 6.5 billion euros in 2023 and employs 21,887 people. AvH is listed on Euronext Brussels and is included in the BEL20 index, the BEL ESG index and in the European DJ Stoxx 600.
