M&A Deal Summary

Abénex and Perwyn Acquire Cruiseline

On June 16, 2023, 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 4th 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 2023-06-16
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, 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 45 of 51
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 10
Country: Monaco M&A 1 of 1
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 ITC

Messein, France

ITC is an e-commerce platform that engages in the design and B2B distribution of cosmetics, consumables and equipment for professionals involved in permanent make-up, tattoo, piercing and more broadly in body art. ITC was founded in 1990 and is based in Messein, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Prevost Laboratory Concept

Nouvoitou, France

Prevost Laboratory Concept specializes in the formulation and manufacturing of cosmetics, food supplements, and animal care products. Prevost Laboratory Concept provides a complete service to its customers by formulating, producing, and packaging capacities. Prevost Laboratory Concept adapts to all batch sizes, provides a wide variety of packaging, and offers numerous galenic forms. Prevost Laboratory Concept was founded in 1992 and is based in Nouvoitou, France.

Sell -
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 21 of 26
Sector: Internet Software and Services M&A 4 of 5
Type: Secondary Buyout M&A Deals 7 of 9
Country: Monaco M&A 1 of 1
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 Datatonic

London, United Kingdom

Datatonic is a provider of cloud consultancy focusing on AI and Machine learning. The company has been recognised four times as the Google Cloud Partner of the Year (including, most recently, the Machine Learning Specialist Partner of the Year). It is considered as a go-to partner in EMEA for other technologies, such as Looker and dbt Labs. Datatonic was founded in 2013 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Kin Vet Community

Bury Saint Edmunds, United Kingdom

Kin Vet Community is a new challenger group to the veterinary market, focussed solely on providing small animal veterinary services and delivering high quality care and a seamless experience to clients and patients across the East and South East of England. Kin Vet Community is based in Bury Saint Edmunds, United Kingdom.

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 9 of 10
Sector: Internet Software and Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 6 of 7
Country: Monaco M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 EXA

Arezzo, Italy

EXA is a General Contractor specialized in luxury retail. EXA serves the most prestigious architects and brands dealing with the most challenging projects in many corners of the world. EXA was founded in 2005 and is based in Arezzo, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 oXya

Jersey City, New Jersey, United States

oXya is a provider of services for cloud and SAP solutions. oXya helps IT organizations manage private and hybrid cloud environments more easily, and designs the infrastructure for more effective and efficient implementations of SAP solutions, including the SAP HANA platform. oXya was founded in 1998 and is based in Jersey City, New Jersey.

Buy -