Key Takeaways
- • Kennedy Lewis Investment Management, an alternative investment manager with more than $37 billion in assets under management, has become the majority shareholder of roadsurfer, the Munich-based camper travel provider.
- • roadsurfer operates a fleet of approximately 10,000 vehicles across about 100 rental locations in 16 countries across Europe, the U.S. and Canada.
- • The investment is intended to support roadsurfer's focus on sustainable growth, operational efficiency, product quality and profitability.
- • Kennedy Lewis cites its experience providing flexible capital to asset-intensive businesses and its track record in travel and leisure as the basis for the partnership.
- • Founder and CEO Markus Dickhardt and Kennedy Lewis Managing Director Ludwig Schrittenloher framed the deal as backing the next phase of growth.
Summary
Kennedy Lewis Investment Management ("Kennedy Lewis"), an alternative investment manager with more than $37 billion in assets under management, announced its investment in roadsurfer, making the firm the company's majority shareholder, according to a Business Wire release. The announcement was issued from Munich. The release did not disclose the purchase price or the size of the stake acquired.
According to the release, Kennedy Lewis has extensive experience providing flexible capital solutions to asset-intensive businesses and a track record in the travel and leisure sector. The firm said it will draw on those experience and industry relationships to support roadsurfer's continued development. The investment is described as supporting the company's continued focus on sustainable growth, with roadsurfer remaining focused on operational efficiency, product quality and profitability.
roadsurfer, founded in Munich in 2016, describes itself as the world's leading provider of camping adventures. The company operates a fleet of roughly 10,000 vehicles, ranging from compact campervans and panel vans to large motorhomes, across about 100 rental locations in 16 countries in Europe, the U.S. and Canada.
Markus Dickhardt, founder and CEO of roadsurfer, said the partnership reflects confidence in the business the company has built and that the support will help strengthen operations and its position as a leading camper travel provider. Ludwig Schrittenloher, Managing Director at Kennedy Lewis, said roadsurfer has built the world's leading brand for camper travel and that the firm looks forward to supporting the company's next phase of growth. The release also stated that the investment reflects confidence in the long-term growth potential of the camper travel and outdoor leisure sector.
Kennedy Lewis was founded in 2017 by David Chene and Darren Richman, employs more than 150 professionals and is headquartered in New York, with offices in Miami and Geneva. The firm describes itself as an institutional alternative investment firm focused on credit strategies.
According to the release, Kennedy Lewis has extensive experience providing flexible capital solutions to asset-intensive businesses and a track record in the travel and leisure sector. The firm said it will draw on those experience and industry relationships to support roadsurfer's continued development. The investment is described as supporting the company's continued focus on sustainable growth, with roadsurfer remaining focused on operational efficiency, product quality and profitability.
roadsurfer, founded in Munich in 2016, describes itself as the world's leading provider of camping adventures. The company operates a fleet of roughly 10,000 vehicles, ranging from compact campervans and panel vans to large motorhomes, across about 100 rental locations in 16 countries in Europe, the U.S. and Canada.
Markus Dickhardt, founder and CEO of roadsurfer, said the partnership reflects confidence in the business the company has built and that the support will help strengthen operations and its position as a leading camper travel provider. Ludwig Schrittenloher, Managing Director at Kennedy Lewis, said roadsurfer has built the world's leading brand for camper travel and that the firm looks forward to supporting the company's next phase of growth. The release also stated that the investment reflects confidence in the long-term growth potential of the camper travel and outdoor leisure sector.
Kennedy Lewis was founded in 2017 by David Chene and Darren Richman, employs more than 150 professionals and is headquartered in New York, with offices in Miami and Geneva. The firm describes itself as an institutional alternative investment firm focused on credit strategies.
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