Exponent contemplates £350m V Ships sale

If the private equity firm decides to sell, it stands to raise more than £350m for V Ships, the world's biggest provider of crews for cargo ships, oil tankers and ferries.

An auction could be held in the second quarter of 2011 and several buyout houses are likely to be interested.

Exponent purchased the company from CBPE in 2007, which in turn acquired 45% of the firm for $67m in 2003.

Since its creation in 1933, V Ships has evolved from servicing cargo vessels to dealing with cruise lines and super yachts such as RM Elegant.

 

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