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Bolster Investment Partners takes 25% stake in Oceanwide Expeditions

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The investment by Bolster will support Oceanwide in trying to accelerate growth
Bolster Investment Partners has acquired a minority stake of 25% in Oceanwide Expeditions, to support the cruise line in broadening its shareholder base, increase its financial strength and accelerate growth.

Michel van Gessel, ceo, Oceanwide Expeditions, commented, ‘Expedition cruises are a segment of the travel industry that keeps growing... Especially in times like these, owning our own fleet of vessels offers us flexibility and allows us to control our costs. 

‘With our strong market position, solid financial balance sheet, and the support of Bolster as a committed shareholder who shares our vision, nothing stands in the way to continue our success.’ 

Mark van Rijn, partner, Bolster Investment Partners said the cruise line operates ‘in a niche in which we like to invest,’ adding, ‘We have been in contact with Oceanwide for years and have a lot of admiration for how the company is managed.’


 

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