Duke Street private equity acquired a majority interest in QCNS Cruise Europe SA

Duke Street, the independent European Private Equity firm, announces the acquisition of a majority stake in QCNS Cruise Europe, a distributor specializing in the sale of cruises in Southern European markets (France, Italy and Spain).

Over the past years, QCNS Cruise Europe has developed an efficient distance-selling model in the field of travel. With a strong presence on the internet, QCNS Cruise generated more than 14 million single-visits, both on its own websites and on the cruise pages of main travel websites. Through its 180 agents, the company offers a personalized service adapted to the needs of each of its French, Italian and Spanish customers. The favored partner of ship owners, QCNS Cruise has a turnover of around 110 million Euros.

«We look forward to participating in the development of this young and fast-growing company alongside its management team. QCNS Cruise has the potential to increase its market share not only in France, but also in Italy and Spain and we, at Duke Street, are confident that we can help accelerate its international development.» said Didier Bismuth, Partner at Duke Street.