Star Capital Partners acquires Blohm and Voss
13/12/2011
STAR Capital Partners has signed an agreement with ThyssenKrupp AG to acquire German superyacht builder Blohm + Voss Shipyards as well as its refit business Blohm + Voss Repair.
The acquisition includes all of the non-military parts of ThyssenKrupp Marine Systems, including components supplier Blohm + Voss Industries and Blohm + Voss Oil Tools, which provides pipe-handling equipment for the oil and gas sector, leaving ThyssenKrupp to concentrate on military surface vessels and submarine construction.
STAR Capital will continue the operations on all sites, committing significant amounts of capital to the businesses to ensure they are in a position to take advantage of growth opportunities in the future.