Canadian pension fund aquires V.Ships

Canadian pension fund, OMERS Private Equity, has agreed to aquire V.Group, parent company of V.Ships, the world's largest supplier of independent ship management and other marine services, including offshore services.  As part of the agreement OMERS is replacing Exponent Private Equity as V.Group's financial partner. V.Group CEO, Clive Richardson, who will continue to lead … [Read more...]

Final Bids For V Ships Due June 16

LONDON (Dow Jones)--Final bids for V Ships, a ship-management business owned by Exponent Private Equity, are due June 16, a person familiar with the situation told Dow Jones Newswires Monday. The auction is being run by investment bank Lazard Ltd. (LAZ) and has attracted several private-equity firms including Permira and Cinven Group, people said. London-based Exponent … [Read more...]