M&A Deal Summary

Montefiore Investment Acquires Cruiseline

On May 23, 2017, private equity firm Montefiore Investment acquired internet software and services company Cruiseline from Duke Street Private Equity and Kings Park Capital

Acquisition Highlights
  • This is Montefiore Investment’s 1st transaction in the Internet Software and Services sector.
  • This is Montefiore Investment’s 1st transaction in Monaco.
Investment Fate
  • Cruiseline was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2017-05-23
Target Cruiseline
Sector Internet Software and Services
Buyer(s) Montefiore Investment
Sellers(s) Duke Street Private Equity
Kings Park Capital
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) 1

Buyer

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 15 of 37
Sector: Internet Software and Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 10
Country: Monaco M&A 1 of 1
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Xelians Group

Paris, France

Xelians Group is a document-management and digital-transformation company that supports organizations in managing their entire document lifecycle from paper digitization to electronic archiving, GED (Gestion Électronique des Documents), and BPO. It also offers physical archiving services, secure data storage in French datacenters, and consultancy for process automation. Xelians Group is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 BVA

Boulogne-Billancourt, France

BVA is a research and consulting company providing marketing surveys and consumer behaviour analysis. BVA was founded in 1970 and is based in Boulogne, France.

Sell -

Seller(S) 2

SELLER

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 40 of 44
Sector: Internet Software and Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 12 of 14
Country: Monaco M&A 1 of 1
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 EduServices

Levallois-Perret, France

EduServices is a provider of private higher education, that operates on a network basis and brings together a set of skills, competencies and resources to serve the schools’ needs (R&D, certifications, partnership ecosystem and even training academies for employees). EduServices was established in 2010 and is based in Levallois-Perret, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-19 TeamSport

Surrey, United Kingdom

TeamSport is an indoor go-karting operator. TeamSport offers indoor tracks of up to 1km in length, which include multi-level karting, banked corners, flyovers and ramps as well as hairpin bends, chicanes, and fast straights. TeamSport was founded in 1992 and is based in Surrey, United Kingdom.

Buy -
SELLER

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 3 of 6
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 4
Country: Monaco M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 Just Go

Gloucestershire, United Kingdom

Just Go is a coach holiday operating company involved in providing tours to UK coach holidays, European coach holidays, coach tours, trips, and weekend breaks with excursions & nationwide pickups. Just Go was founded in 1996 and is based in Gloucestershire, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 JOA

Lyon, France

JOA is a casino operators in France with a national network of 32 medium-sized casinos and an online sports betting platform. JOA was founded in 1948 and is based in Lyon, France.

Buy -