Star Capital Acquire ThyssenKrupp Marine

Photograph Blohm & Voss
European fund managers Star Capital Partners has confirmed that they have taken over all non-military sectors of the business from ThyssenKrupp Marine.
The acquisition includes Blohm & Voss and takes in the superyacht construction and repair divisions whose annual revenues of around €400 million and over 1,500 employees, mostly based in Hamburg Germany are included.

The transaction, reported to have cost just £128 million, is due to complete in early 2012, subject to regulatory approval.