
Livingbridge invests in Direct Ferries
Livingbridge has invested in Direct Ferries, an online ferry ticket aggregator, to support its expansion into Asia and the US.
Venture capital firm Beauport Partners also invested as part of the deal. The company is led by Greg Wills, who co-founded Rentalcars.com (previously known as TravelJigsaw), which is now part of the Priceline Inc Group. Livingbridge was invested in TravelJigsaw from 2008-2010.
Company
Direct Ferries was founded in 2001. It sells ferry tickets online for companies including P&O Ferries, Stena Line and Brittany Ferries.
In 2015, the company reported revenues of £85m. Direct Ferries employs 56 people and is headquartered in London.
People
Livingbridge – Daniel Smith (partner).
Beauport Partners – Greg Wills (CEO).
Direct Ferries – Matt Davies (CEO).
Advisers
Equity – Olswang (legal); LEK (commercial due diligence); Javelin (commercial due diligence); KPMG (financial due diligence); Travology (IT due diligence).
Company – RSM (financial due diligence); Mishcon de Reya (legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater