Investment Summary

5square Invests In Corendon

On January 29, 2024, private equity firm 5square invested in leisure company Corendon from Axivate Capital

Investment Highlights
  • This is 5square’s 1st transaction in the Leisure sector.
  • This is 5square’s 14th transaction in the Netherlands.

Investment Summary

Date 2024-01-29
Target Corendon
Sector Leisure
Investor(s) 5square
Sellers(s) Axivate Capital
Deal Type Stake Purchase

Target

Corendon

Badhoevedorp, Netherlands
Corendon is a travel agent that started out offering affordable trips to Turkey. Corendon offers an extensive range of destinations, flying to 13 countries in the Mediterranean. Corendon creates fully integrated holiday experiences for more than 750,000 customers a year and Belgium. Corendon was founded in 2000 and is based in Badhoevedorp, Netherlands.

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Investor(S) 1

Investor
DESCRIPTION

5square is a private equity firm focused on acquiring profitable, medium-sized Dutch companies. The Firm typically invests €5 to €10 million per transaction and will consider both majority and minority positions. 5square was founded in 2004 and is headquartered in Laren, the Netherlands.


DEAL STATS #
Overall 15 of 15
Sector: Leisure M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Netherlands M&A 14 of 14
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-17 Five Degrees Solutions

Amsterdam, Netherlands

Five Degrees Solutions is a digital banking platform to create banking as it should be. Five Degrees combine state-of-the-art technology and sound financial knowledge to create unique digital solutions for today’s banks and for people who like banking to be quick and easy. Five Degrees Solutions was founded in 2009 and is based in Amsterdam, Netherlands.

Sell -

Seller(S) 1

DESCRIPTION

Axivate Capital is a small private equity firm focused on investing early-stage companies and acquiring mature companies with unlocked growth potential. The Firm looks to invest €100K to €5 million per transaction and will consider opportunities in digital media, e-commerce, internet, and leisure. Axivate Capital was formed in 2012 and is based in Amsterdam.


DEAL STATS #
Overall 3 of 4
Sector: Leisure M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Netherlands M&A 3 of 4
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 DAN.COM

Amsterdam, Netherlands

DAN.COM is reinventing domain trading from start to end by making domain trading open, transparent and accessible to all. DAN.COM was founded in 2014 and is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-25 Renewd

Utrecht, Netherlands

Renewd is the quality brand for refurbished apple products. The devices contain 100% original Apple parts and can hardly be distinguished from new. All Renewd devices are checked on 83 critical points by an apple authorized service provider, are in perfect technical condition and are equipped with the latest iOS software. Renewd is based in Utrecht, Netherlands.

Sell -