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New Deal


Announced

Completed

Hornblower completed the acquisition of City Cruises.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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sightseeing

restaurant and hospitality

Majority

river cruise ships

Completed

Friendly

Recreational Services

Private

United Kingdom

Acquisition

Single Bidder

Synopsis

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Hornblower Cruises & Events, a provider of water-based dining, sightseeing, private charter, and transportation experiences, completed the acquisition of City Cruises, UK's biggest tour boat operator. Financial terms were not disclosed. "We are incredibly excited to acquire City Cruises, which we believe to be the best leisure cruise operator in Europe today. We have long had the ambition to enter the European market, and it makes perfect sense to start our journey in one of the most iconic cities in the world," Terry MacRae, Hornblower CEO.

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