Leisure

Cruise.co

Europe’s leading specialist online travel agency platform for cruises

July 2017
Investment Date
UK
Country

Business Overview

  • Established in 1984, Cruise.co has evolved in to become Europe’s leading specialist online travel agency platform for cruises
  • PCS3’s investment supported the acquisition of Kreuzfahrtberater.de, a leading cruise-specialist travel agency in the German market

  • The company offers retail and package holidays from a range of well-established cruise operators
  • Offers the world’s largest online resource of cruising content including reviews, blogs and guides

Investment Thesis

  • Europe’s largest online travel agency specialising in cruises, with a differentiated proposition and strong brand recognition

  • Attractive market fundamentals; cruises are a large and growing segment of the European travel industry

  • Significant customer loyalty with a high level of repeat bookings

  • Considerable growth opportunities through international and market share expansion
  • Partnership with a highly regarded sponsor with a strong track record in the sector

Origination

  • Originated through a strong relationship with the sponsor, Bridgepoint Development Capital (BDC) and debt advisor, BDO

  • Represents the second transaction PDM have completed with BDC

  • PCS3 acted as sole lender to the company

  • Primary transaction

https://www.cruise.com/