Perwyn snaps up Cruiseline

• Cruiseline provides online sales of cruises in the Mediterranean, North Sea, Latin America and the Caribbean
• Perwyn is a European private equity investor specialising in buyout and growth capital investments
• Cruiseline transports more that 170,000 passengers per year

Perwyn, a European private equity investor has acquired Cruiseline, in partnership with its management team.

Monaco-based Cruiseline offers online sales of cruises in Mediterranean, North Sea, Latin America and the Caribbean. The company operates under several brands, including Croisières.fr, Croisières.com, Cruceros.com, Crociere.com, Cruise.us and Kreuzfahrtenplanet.com. With approximately €200 million in annual revenues, Cruiseline transports more than 170,000 passengers per year.

Paris-headquartered Montefiore Investment acquired Cruiseline in 2017, in a deal that Tikehau Capital financed. Tikehau, also based in Paris, acquired a majority share in Cruiseline in 2021, reported by several outlets at the time. PE Hub Europe reached out to Tikehau for a comment.

With Perwyn’s support, Cruiseline intends to continue its expansion into new geographies to take advantage of the growing interest in cruises and the growth in online travel sales, according to a release.

“With its outstanding management team, led by Pierre Pelissier, our aim is to strengthen Cruiseline’s leading position in Southern Europe and Latin America, while exploring new opportunities for growth and geographical expansion,” said Mathieu Antonini, head of France at Perwyn. “We will also place innovation and sustainability at the heart of our ambitions, with a particular focus on promoting green technologies in the cruise industry.”

London-based Perwyn is a European private equity investor that focuses on buyout and growth capital investments in sectors of technology, services, healthcare and food and ingredients.