Waterland Private Equity is selling its interest in the A-ROSA river cruise group to Duke Street. The British company based in London is acquiring all the shares of the European rivers premium cruise specialist together with the existing management team.
“We are delighted to have found in Duke Street a new investor who will push ahead with growth of the A-ROSA river cruise group,” says Jörg Dreisow, Managing Partner at Waterland.
The independent private equity firm acquired a majority share in the leading German river cruise provider in 2009, and has since contributed significantly to the company’s growth and to its becoming the most successful river cruise operator in the German source market.
“We have been able to continuously strengthen our leading position in Europe over the last few years thanks to our partnership with Waterland,” says Jörg Eichler, CEO of A-ROSA.
Since 2009, the premium river cruise operator has expanded its fleet from six to eleven cruise ships and added the Rhine and the river Seine to its areas of operation.
The transaction is subject to approval by the anti-trust authorities. The parties have agreed not to disclose any financial details relating to the transaction.
