Risk Capital Partners supported a management buy-out of Cruise.co in August 2013. We backed the incumbent management team, led by Andrew Gardener (Chairman) and Seamus Conlon (Managing Director) and strengthened the board with the recruitment of an FD, and digital talent.
In August 2016 Cruise was sold in a tertiary management buyout to Bridgepoint Development Capital generating a significant money multiple in our 3 years of ownership.
“We are excited that Risk Capital Partners have decided to invest in our business. Their acumen and results in the leisure space will be of huge value to us and we look forward to their expertise helping to shape the future of the business”