EXIT: BPM Mezzanine Fund exited its investment in the leading shoreside and port services provider for the cruise industry in Tallinn (“DenEesti”)
BPM Mezzanine Fund SICAV-SIF, SCA (BPM) supported the CEO of DenEesti in acquiring the company back in March 2018. The exit, which took place through refinancing from a local bank, marks a logical step in the development of the company.
Commenting on the deal, Partner of BPM Capital, Mr. Martin Reinson, noted that we would like to thank the CEO of DenEesti, Ryan Jenkins and his team for dedicated effort in managing and developing the company through rather turbulent times in the Baltic cruise industry. I am confident that DenEesti will continue to grow and lead the industry in this region.
CEO of DenEesti, Mr. Ryan Jenkins added: we thank BPM for this journey and appreciate very highly their responsiveness, professional approach and flexibility. With the help of BPM, we have managed to continue toward our goals of supporting sustainable cruise tourism, and we put ourselves on a strong foundation to develop the company further.
For further enquiries, please contact:
BPM Capital: Martin Reinson, tel: +372 605 0072, e-mail: martin.reinson@bpmcapital.eu
DenEesti: Ryan Jenkins, tel: +372 683 0790, e-mail: ryan@deneesti.ee
More information about BPM Capital
BPM Capital (www.bpmcapital.eu) is an independent investment manager operating out of two offices, in Tallinn and Warsaw. It has been founded and is managed by Kalmer Kikas, Martin Reinson, Paweł Zabrzycki and Priit Veering. BPM is supported by prominent international and domestic institutional investors. BPM was originated through the Baltic Innovation Fund initiative created by cooperation between Estonia, Latvia, Lithuania and the European Investment Fund.
More information about DenEesti
DenEesti is a secure shoreside and port services provider for the cruise industry, specializing in the Baltic Sea ports. The Company offers a complete array of shore services for cruise ships, including shore excursions, shuttle bus operations, ground handling for turnarounds, and port agency. DenEesti believes strongly in the positive impact of tourism and is Travelife Certified.