Hayfin is pleased to announce that, through its Direct Lending strategy, it has provided fully underwritten debt financing to support the acquisition of V.Group by a consortium led by STAR Capital. Hayfin’s support for the acquisition extends its long-standing relationship with V.Group and its management team, having been a lender to the business since 2020.

V.Group is a global provider of mission-critical services to the maritime industry, such as technical ship and crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions.

Headquartered in London, it has a global presence with 50 offices across 30 countries and employs c. 2,900 employees worldwide. In addition, the group has access to the world’s largest international network of over 44,000 seafarers to provide its clients with professional crews. It currently services approximately 3,500 vessels from pedigree shipowners and managers alike, with safety and compliance at the heart of V.Group’s operating model.

Andreas Povlsen, Head of Maritime at Hayfin, comments: “This latest investment builds on Hayfin’s track record in the shipping sector and is the direct result of strong collaboration between our specialist maritime team and the broader Private Credit platform focused on originating corporate lending opportunities. We are delighted to continue our journey with V.Group alongside its impressive management team and its new partners in the consortium led by STAR Capital.”

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