Information on the Target

Oceanwide Expeditions, established in 1993 by father and son duo Van Gessel, is a leading specialist in expedition cruises to the polar regions. Based in Vlissingen, Oceanwide has carved a niche for itself by providing intimate and adventurous cruises to Antarctica and the Arctic. The company recorded a revenue of €44 million in 2019 and features a fleet of four vessels, with an additional ship set to launch in September 2021.

Notably, Oceanwide Expeditions has been recognized five times as the World’s Leading Polar Expedition Operator, thanks to its commitment to uniquely themed journeys and diverse outdoor activities. The company's dedication to sustainability and nature conservation further enhances its reputation, with its ships also utilized for scientific research in addition to catering to nature enthusiasts.

Industry Overview in the Target’s Specific Country

In recent years, the travel industry, particularly in the Netherlands, has shown a steady growth trajectory, especially within the expedition cruise sector. This segment is becoming increasingly popular among travelers seeking unique and immersive experiences. The ongoing interest in nature-based tourism aligns with global trends that prioritize environmental awareness, ensuring a favorable market for Oceanwide Expeditions.

The rise in sustainability-focused travel options is reshaping consumer preferences, driving demand for eco-conscious travel companies like Oceanwide. As more tourists wish to minimize their environmental footprint while traveling, companies that offer sustainable practices play a significant part in the overall industry transformation.

The polar regions have gained prominence as adventure destinations, drawing travelers interested in witness unique wildlife and pristine landscapes. Despite the challenges posed by climate change and tourism regulations, the expedition cruise market continues to flourish due to its exclusive offerings and the unparalleled experiences it provides.

Furthermore, the COVID-19 pandemic has prompted a shift towards domestic and short-haul travel, allowing for robust growth opportunities for expedition companies like Oceanwide that focus on specialized itineraries and unique destinations. The future of the expedition cruise industry appears bright, with substantial room for expansion as global travel resumes.

The Rationale Behind the Deal

The minority stake acquisition by Bolster Investment Partners, amounting to 25%, is a strategic move aimed at broadening Oceanwide's shareholder base and strengthening its financial capabilities. This partnership will provide Oceanwide with the necessary resources to accelerate its growth ambitions and enhance operational flexibility.

Bolster's investment is particularly timely, as Oceanwide is positioned to capitalize on the growing demand for expedition cruises. The ongoing support from Bolster will enable Oceanwide to maintain its competitive edge and further develop its unique offerings in a dynamic market landscape.

Information about the Investor

Bolster Investment Partners is a long-term investor specializing in minority stakes, with a focus on extraordinary Dutch enterprises that possess a sharp focus and a proven business model. With a history dating back to 1982, Bolster has successfully collaborated with over 100 companies, supporting entrepreneurs in realizing their full potential.

After operating under the Van Lanschot Participaties banner until late 2017, Bolster transitioned to its current independent identity. The company remains committed to fostering relationships with businesses that align with their investment philosophy, emphasizing sustainable growth and successful partnerships.

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The partnership between Bolster Investment Partners and Oceanwide Expeditions represents a thoughtful investment opportunity. Oceanwide's established market position, coupled with the growing demand for unique travel experiences, offers a promising outlook for both parties. The company's strong financial performance and commitment to sustainability further enhance its attractiveness as an investment.

Moreover, Bolster’s expertise and resources can significantly boost Oceanwide's strategic initiatives, allowing the company to explore new market segments and expand its operations. This synergy is likely to contribute to long-term value creation for both the investor and the target.

In conclusion, while the expedition cruise sector faces certain market challenges, the partnership between Bolster and Oceanwide places both entities on a path toward sustained growth. The potential for continued success, particularly in light of consumer trends favoring unique and sustainable travel experiences, positions this deal as a promising investment opportunity.

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