Investment Summary

Carnival Exits Cruise

On January 1, 2007, invested in internet software and services company Cruise from Carnival

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United Kingdom.
Investment Fate
  • Cruise was sold to a financial buyer in 2013.
  • Cruise was sold to a consortium of buyers in 2016 for 52M GBP.

Investment Summary

Date 2007-01-01
Target Cruise
Sector Internet Software and Services
Sellers(s) Carnival
Deal Type Spin Off

Target

Cruise

Redditch, United Kingdom
Cruise is an online travel agent serving UK for cruise reviews and cruise related questions and answers and publishes unique content and consolidates comparison tables of on-board facilities. Cruise was founded in 1984 and is based in Redditch, United Kingdom.

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Seller(S) 1

SELLER

Carnival

Miami, Florida, United States

Category Company
Founded 1972
Sector Leisure
Employees115,000
Revenue 25.0B USD (2024)
DESCRIPTION
Carnival's corporate headquarters in Miami, Florida.
Carnival's corporate headquarters in Miami, Florida.

Carnival is a cruise ship operator and vacation company. Carnival's portfolio includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia. Carnival was incorporated in 1972 and is based in Miami, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-20 Cunard Line

Valencia, California, United States

Cunard Line is a British-American shipping company famous for the QE2 and later the QM2. It is based in Valencia, California.

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