Canal Company / Strömma Turism & Sjöfart
The founder and management team of Canal Company have established a partnership with Strömma Turism & Sjöfart. Financial details have not been confirmed.
Canal Company is the market leader in the Amsterdam canal cruise market, offering a wide range of catered and non-catered canal cruises for individuals and groups. Through organic growth and several acquisitions, Canal Company has grown into an enterprise with over 350 employees and a fleet of 46 cruises.
Strömma Turism & Sjöfart is a Sweden-based company active in the leisure industry. It offers an extensive product portfolio for individuals and groups including bus and cruise sightseeing, guided walks, dinner cruises and excursions. Strömma Turism & Sjöfart provides these products through more than 25 brands in Denmark, Finland, Norway and Sweden.
Holland Corporate Finance, M&A International Inc.’s member firm in the Netherlands, acted as exclusive M&A advisor to the shareholders of Canal Company.
“In completing this transaction, we wanted to ensure that the growth and success of the business that we have built to date is the foundation for further expansion in the years to come. We are delighted with the outcome and we would like to thank the team at finnCap Cavendish for all of their help throughout this process. They are experts at advising founders and entrepreneurs and they provided us with invaluable advice and guidance throughout.”
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“We are immensely grateful for the hard work and expertise we received from finnCap in securing this fundraise. Zuleika’s knowledge and communication skills were outstanding. It is the first time we have raised external funds so we were heavily reliant on their introductions, all of which were a good fit for Ro&Zo. Zuleika’s guidance through the process was exemplary. We are delighted to have chosen Pembroke as our new shareholders and look forward to a long relationship with them as we continue our growth strategy.”
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“I would also like to thank the team at finnCap Cavendish. They have done a great job in finding us the right buyer and running a smart and efficient process. Their support throughout has been excellent and combined with their commercial approach and sector knowledge, they have made great advisers for us.”
“Joe Stelzer and his team at finnCap Cavendish were the perfect partners as we navigated this exciting next step for the group. The firm’s wealth of expertise in advising entrepreneurial growth businesses, partnered with their quality of service and professionalism was invaluable and helped make this deal function as smoothly as possible.”
“This transaction is huge for our business as we look to continue our growth journey. We’re very excited to have raised enough capital from a leading impact investor to expand our market-leading position and maintain standards of excellence across all our products. We’re hugely grateful to the team at finnCap, who played a fundamental role, in what we hope, will be a very exciting growth story.”
“I would like to thank all of those involved in the process that has concluded with us ultimately choosing Neighborly as our partner going forward, those at finnCap Cavendish and our CFO Mike Bergin, without whom this would have not happened.”
Thank you to the Cavendish team for your unwavering support throughout this process. Finding a strategic overseas partner to allow me to realise my global ambition was my number one aim, and this has been achieved. In the current market the result you have delivered is exceptional.
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