Munich — Waterland Private Equity sells its stake in A‑ROSA River Cruises Group to Duke Street. The British company, based in London, together with the management, is acquiring all shares in the market leader for premium river cruises on Europe’s waterways. Waterland Private Equity was advised by Willkie Farr & Gallagher LLP.
“We are pleased to have found a new investor in Duke Street who will continue to drive the growth of the A‑ROSA River Cruises Group,” said Jörg Dreisow, Managing Partner of Waterland. The independent private equity investment company acquired a majority stake in the leading German river cruise operator in 2009 and has since made a significant contribution to the company’s growth into the most successful river cruise operator in the German source market. Jörg Eichler, CEO of A‑ROSA: “Thanks to the partnership with Waterland, we have continuously strengthened our leading position in Europe over the past years.” Since 2009, the premium provider of river cruises has expanded its fleet from six to eleven cruise ships and added the Rhine and the Seine as cruising areas. — The transaction is subject to approval by the antitrust authorities. Confidentiality was agreed between the parties regarding the financial details of the transaction.
About Waterland Private Equity
Waterland is an independent private equity investment firm that helps entrepreneurs achieve their growth objectives. With extensive financial resources and the dedicated professionals, Waterland creates the basis for portfolio companies to grow faster both organically and through acquisitions. Waterland acts as an active shareholder and plays a key role for the companies in the portfolio in their strategic and operational development, growth and performance. With a team experienced in the field of entrepreneurial investment, Waterland aims to help ambitious entrepreneurs achieve a stable market position in today’s increasingly competitive world. To date, Waterland has invested in over 400 companies.
Advisor Waterland Private Equity: Willkie Farr & Gallagher LLP
The Willkie team led by Mario Schmidt and Dr. Stefan Jörgens (both Corporate, Frankfurt) and consisted of partners Dr. Axel Wahl (Corporate, Frankfurt), Dr. Patrick Meiisel, Dr. Bettina Bokeloh (both Tax, Frankfurt), Jan Wilms, Dr. Jasmin Dettmar (both Finance, Frankfurt), Dr. Christian Rolf (Labor Law, Frankfurt) and associates Dr. Stefan Bührle, Adrian Dengler, Erik Göretzlehner, Andreas Knödler and Karsten Silbernagel (all Corporate, Frankfurt).
Willkie Farr & Gallagher LLP is an international law firm of more than 650 lawyers with offices in New York, Washington, Houston, Paris, London, Milan, Rome, Frankfurt am Main and Brussels.