Secondary Buyout • Internet Software and Services

Perwyn Acquires Cruiseline

On June 16, 2023, family office Perwyn acquired internet software and services company Cruiseline from Montefiore Investment

Acquisition Context
  • This is Perwyn’s 4th transaction in the Internet Software and Services sector.
  • This is Perwyn’s 1st transaction in Monaco.

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M&A Deal Summary

Date June 16, 2023
Target Cruiseline
Sector Internet Software and Services
Buyer(s) Perwyn
Sellers(s) Montefiore Investment
Deal Type Secondary Buyout

Target Company

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 Overview 1

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 Context for Buyer #
Overall 21 of 26
Sector: Internet Software and Services 4 of 5
Type: Secondary Buyout 7 of 9
Country: Monaco 1 of 1
Year: 2023 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 Profile 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 Context for Seller #
Overall 9 of 10
Sector: Internet Software and Services 2 of 2
Type: Secondary Buyout 6 of 7
Country: Monaco 1 of 1
Year: 2023 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 -