Direct Ferries brings new investor on board

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Ferry aggregator Direct Ferries has landed an undisclosed funding spherical from ICG. 

Livingbridge, the founding Davies household and administration have additionally contributed to the spherical.

Earlier this 12 months hypothesis emerged that ICG and 3i had been competing to accumulate a big stake within the enterprise with £150 million the sum mentioned.

Direct Ferries declined to touch upon the quantity however in an announcement mentioned the “refinancing deal will assist Direct Ferries’ continued worldwide development technique throughout its major client enterprise and fast-growing B2B and freight channels.”

Niall Walsh, CEO of Direct Ferries, mentioned: “The enterprise has grown quickly over the previous three years, and we sit up for working with, and leveraging the expertise of, a associate that helps our bold development technique and the administration staff to take the enterprise to the following degree.”

Mark Piasecki, managing director of ICG, mentioned: “We see additional development in its core worldwide client markets but in addition in its fast-growing B2B and freight channels underpinned by its sturdy expertise and knowledge science functionality.” 

Direct Ferries mentioned it offered greater than 3 million tickets in 2022 from 4,000 routes in 200 finish markets throughout the globe.

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