M&A Deal Summary

Duke Street Private Equity and Kings Park Capital Acquire Cruiseline

On May 5, 2011, private equity firms Duke Street Private Equity and Kings Park Capital acquired internet software and services company Cruiseline

Acquisition Highlights
  • This is Duke Street Private Equity’s 4th and Kings Park Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Duke Street Private Equity’s 1st and Kings Park Capital’s 1st transaction in Monaco.
Investment Fate
  • Cruiseline was sold to a consortium of financial buyers in 2017.
  • Cruiseline was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2011-05-05
Target Cruiseline
Sector Internet Software and Services
Buyer(s) Duke Street Private Equity
Kings Park Capital
Deal Type Buyout (LBO, MBO, MBI)

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

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London.


DEAL STATS #
Overall 42 of 56
Sector: Internet Software and Services M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 27 of 30
Country: Monaco M&A 1 of 1
Year: 2011 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-25 Wagamama

Southwark, United Kingdom

Wagamama provides pan-Asian inspired cuisine serving food based on Japanese cuisine with 108 restaurants around the world. Wagamama was formed in 1992 and is based in London. United Kingdom.

Buy £215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 Deloro Stellite

Bicester, United Kingdom

Deloro Stellite, Inc. is a manufacturer and provider of alloy based critical wear solutions for extreme environments involving high temperature, corrosion and abrasion.

Sell €277M
Buyer

Kings Park Capital

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 130M GBP
Size Small
Type Sector Focused
DESCRIPTION

Kings Park Capital LLP is a specialist private investment firm that targets lower mid-market leisure companies located in UK. The focuses on companies with strong cash flows, demonstrable market growth, differentiated products led by proven management teams. It looks to invests in companies with enterprise values of £50 million. Specific areas in leisure sector include hotels, travel, health and wellbeing, gaming, bars and restaurants. Kings Park Capital LLP was formed in 2007 and is based in London.


DEAL STATS #
Overall 5 of 15
Sector: Internet Software and Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 8
Country: Monaco M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-06 Abokado

London, United Kingdom

Abokado owns and operates a chain of food bars and restaurants in the United Kingdom. Abokado was founded in 2004 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Fuel Juice Bars

Glasgow, United Kingdom

Fuel Juice Bars is a juice bar operator, offering a healthy range of deliciously fresh fruit smoothies and juices. Fuel Juice Bars was founded in 2004 and is based in Glasgow, Scotland.

Buy -