M&A Deal Summary

Abénex and Perwyn Acquire Cruiseline

On February 20, 2020, private equity firm Abénex and family office Perwyn acquired internet software and services company Cruiseline from Montefiore Investment

Acquisition Highlights
  • This is Abénex’s 1st and Perwyn’s 1st transaction in the Internet Software and Services sector.
  • This is Abénex’s 1st and Perwyn’s 1st transaction in Monaco.

M&A Deal Summary

Date 2020-02-20
Target Cruiseline
Sector Internet Software and Services
Buyer(s) Abénex
Perwyn
Sellers(s) Montefiore Investment
Deal Type Secondary Buyout

Target

Cruiseline

Monaco, Monaco
Cruiseline is an online travel agency specializing in the sale of cruises in Spain, and Italy. It operates its own internet sites as well as the cruise pages for generalist online travel agencies. Cruiseline was founded in 2005 and is based in Monaco.

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Buyer(S) 2

Buyer

Abénex

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Abénex Capital SA is a French private equity firm focuses on acquiring mid-market companies throughout France. The Firm seeks to hold both majority and minority equity interest in companies along with the management teams. Specific areas of interest include consumer productsinterests, business services, industry and healthcare sector. The Firm will consider variety of transaction includes MBOs, MBIs, and LBO. Abénex, Capital SA was formerly known as ABN Amro Capital France and became independent of ABN Amro in 2008. Abénex Capital SA is based in Paris.


DEAL STATS #
Overall 30 of 47
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 9
Country: Monaco M&A 1 of 1
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Surys

Seine et Marne, France

Surys is a provider of optical and digital security solutions used to authenticate identity documents, vehicle registrations, fiduciary documents, branded products, and tax labels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Aerow

Paris, France

Aerow offers consulting and integration services for Enterprise Content Management (ECM), digitalization, Business Intelligence and performance solutions. Aerow is the benchmark in consulting and integration of Intelligent Information Management (IIM) solutions for large companies and mid-caps. Aerow was founded in 2004 and is based in Paris, France.

Buy -
Buyer
DESCRIPTION

Perwyn is a privately-funded investment firm that seeks to invest in development capital and buyout transactions of businesses valued from £100 to £500 million. Perwyn prefers to be the first round of institutional capital and will consider opportunities throughout the UK and Western Europe. In addition investing equity capital, Perwyn also provides flexible debt capital to companies, investing £5 to £25 million per deal. Perwyn was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 10 of 26
Sector: Internet Software and Services M&A 1 of 5
Type: Secondary Buyout M&A Deals 2 of 9
Country: Monaco M&A 1 of 1
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Mr Mallo

Wetteren, Belgium

Mr. Mallo is the Europe’s is a private label manufacturer of marshmallow confectionery products supplying customers in over 50 countries across Europe and beyond. Mr. Mallo was founded in 1907 and is based in Wetteren, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 Miss Group

Stockholm, Sweden

Miss Group is a web hosting company that offers a range of Hosting related services at favorable prices such as web hosting, domain registration, VPS, dedicated servers, site builder, Magento hosting, SEO hosting, affiliate hosting, email management, and more. Miss Group was founded in 2014 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Montefiore Investment

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Montefiore Investment is a independent investment group focused on acquiring mid-market companies with strong potential for profit and growth. The Firm primarily targets opportunities in "Locally Supplied Services". Sectors of interest include retail, B2B distribution, hotels/catering, leisure, tourism, transportation, healthcare, consumer services, and business services. Montefiore looks to invest €20 to €200 million. Montefiore Investment was formed in 2005 and is based in Paris.


DEAL STATS #
Overall 6 of 9
Sector: Internet Software and Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 4 of 6
Country: Monaco M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Carpenters Workshop Gallery

Paris, France

Carpenters Workshop Gallery publishes, produces and distributes the greatest contemporary design artists from 4 exhibition venues (London, Paris, New York and Los Angeles), international fairs, and its website. Carpenters Workshop Gallery was founded in 2006 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 ENSIO

Velizy-Villacoublay, France

ENSIO is a specialist in the installation, operation and maintenance of telecommunications networks and electricity networks. ENSIO focuses on 3 main areas of activity: digital networks, energy networks and Services & maintenance. ENSIO is based in Velizy-Villacoublay, France.

Buy -