BDC's Cruise.co.uk acquires Kreuzfahrtberater for €25m

The newly formed group will have a turnover of around €250m. Permira and existing Kreuzfahrtberater shareholders provided further funding to finance the transaction. The founders of Kreuzfahrtberater.de will remain part of the management team of the combined business.

Bridgepoint acquired online travel agency Cruise.co.uk for £52m from Risk Capital Partners in August last year.

Company
Kreuzfahrtberater.de is a cruise travel agency founded by Friedrich Koester, Malte Koester and Andreas Koester-Clobes in 2005. The company employs 60 people.

People
Cruise.co.uk – Seamus Conlon (CEO).
Kreuzfahrtberater.de – Friedrich Koester (founder).

Advisers
Equity – BDO (corporate finance, debt advisory, financial due diligence); Travers Smith (legal); Noerr (legal); Armstrong (commercial due diligence); Deloitte (financial due diligence); KPMG (tax); White Hart Associates (regulatory due diligence).
Vendor – Quarton International (corporate finance); CMS (legal).

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• Topics
• Expansion
• DACH
• Consumer
• Bridgepoint
• Acquisition finance
• Germany
• Build-up