Scandlines

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Scandlines /

7x money multiple

Transformed from a state-owned business to a ‘best-in-class’ ferry operator connecting Scandinavia with continental Europe

Investment date

2007 - 2018

Good to great

7x

money multiple

Cargo volumes increased approximately 45% over the investment period

€1.7bn

equity value at exit

Increased EBITDA by more than 60%

Transformed border shops with EBITDA margin contribution almost doubling to c.15%

42,000

departures annually

Built one of the largest customer loyalty programmes in Denmark with >500k members

Key events under our ownership

Introduced Steve Ridgway as Chairman via our Business Leaders Network, bringing expertise in product innovation, customer service and sustainability

Disposed of non-core routes to focus on the high-frequency Denmark-Germany route delivering both cost savings and a revenue uplift

Built two new vessels for Rostock-Gedser route, providing increased capacity, higher frequency of crossings and a better customer experience

Invested c.€365 million in green technology, new ferries and an upgrade of the port facilities establishing true sustainability and reliability

Led and supported several successful financings; tripled our original investment with the buyout of co-shareholders and achieved €1bn infrastructure refinancing based on an investment grade rating by Fitch