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.
“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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It was a great pleasure to work with the Cavendish team again having originally worked with them when we sold Naked Wines to Majestic Wine in 2015. John, Rebecca and the team rigorously assessed the market to find the right new owner for a business with dedicated staff and suppliers and the right deal to achieve Naked’s goal of realising capital and simplifying the business.
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“For us who founded the company and managed it during its 30 years of existence, Oaklins was the perfect partner for our sale. The team planned and executed our process, supported and guided us through the whole process. The combination of industry insight, professional craftsmanship and uncompromising dedication, made it a valuable contribution from an owner’s perspective.”
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