Company
Squircle Capital has increased its stake in MB92 Group to 100%, after a series of earlier increases from 77.5% in 2019 to 93% in 2022 and 98% in 2025. MB92 said the move comes as it develops a five-year strategic and expansion plan.
MB92 Group has appointed Remy Millott, chief executive of GYG Ltd., to its board as a non-executive member. He will keep his current role at GYG, which MB92 Group acquired earlier this year. MB92 also said its search for a new group chief executive is still under way.
MB92 Group has had Ben Mennem acting as interim chief executive since December while it searches for a permanent leader. The refit group said it now employs more than 400 people and is also pushing ahead with MB92 Red Sea, MB92 Golfe-Juan and the integration of GYG Ltd.