Bolster invests in Oceanwide Expeditions

According to a statement, Oceanwide sought investment to broaden its shareholder base, increase its financial strength and accelerate its growth.

Bolster is currently deploying equity via Bolster Investments, which held a final close in February 2018 on €160m. The fund was 50% deployed as of April 2020. It deploys equity tickets of €5-20m, acquiring stakes of 20-50% in Netherlands-based companies that the GP regards as having a strong market position and a convincing growth strategy, according to Unquote Data.

The investment in Oceanwide is Bolster Investment's third deal of 2020. The GP acquired climate control systems business Mark Climate Technology in April 2020 – its eighth deal from the debut fund – followed by weather data provider Infoplaza in August.

Company
Established in 1996 and headquartered in Vlissingen, Oceanwide runs small-scale cruises to Antarctica and the Arctic. The company runs experience and educational cruises, but its vessels are also used for scientific research expeditions. The company owns four ships and expects a further ship to be operational by 2021. The company reported revenues of €44m in 2019. It employs 29 staff.

People
Bolster Investments – Mark van Rijn (partner).
Oceanwide Expeditions – Michel van Gessel (CEO).

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