Lincoln International represents RJD Partners in the sale of European Boating Holidays
Lincoln International LLP (“Lincoln International”), a leading global mid-market investment bank, has announced the sale of European Boating Holidays (“EBH”), the largest independent operator of inland waterway boating holidays in Europe, to a management buy-in backed by FSI Régions and AMS Industries. EBH was a portfolio company of RJD Partners.
EBH was established in 2006 through the simultaneous acquisition of Locaboat, the largest independent operator of European inland boating holidays and Cardinal Cruisers, a premier boating holiday operator focused on the German market. EBH now operates a fleet of about 400 boats in six countries including France and Germany.
Lincoln International acted as the exclusive financial adviser to the shareholders and worked closely with RJD Partners and EBH’s senior management team throughout the transaction.
Commenting on the transaction, Richard Caston, Managing Partner at RJD Partners said: “It’s encouraging to see that bookings at EBH have been resilient despite the difficulties in the Eurozone. We were very impressed with the Lincoln International team, led by Dominique Lecendreux and Alka Bali. The deal was complex, with significant French, German and English components, but Lincoln coordinated a genuine cross border process which identified the optimal buyer for the business and once in exclusivity ensured that any points which arose were dealt with quickly and efficiently to the benefit of securing the overall result.”
Dominique Lecendreux, Managing Director at Lincoln International’s Paris office said: “We are delighted to have completed this transaction on behalf of RJD Partners. We were able to combine our sector expertise with our extensive experience of selling businesses to deliver a satisfactory outcome for all parties.”
Alka Bali, Managing Director at Lincoln International’s London office said: “EBH was headquartered in the UK, operated in Europe and was bought by a French buyer. We worked closely and efficiently with our Paris office to deliver a seamless cross border service to RJD Partners.”
About Lincoln International
Lincoln International specialises in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With twelve offices (three in the US, two in Asia, and seven in Europe) and strategic partnerships with leading institutions in China and Korea, Lincoln International has strong local knowledge and contacts in the key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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