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theICEway Announces Strategic Growth Investment Partnership with Key Capital Partners

*Specialised Cruise Technology Company Secures Investment to Accelerate Expansion and Innovation* 

 

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[London, UK 7th October 2024] – theICEway, a leading specialised cruise technology company, is pleased to announce a significant milestone in its growth journey through a new partnership with private equity firm Key Capital Partners (Key). This strategic investment will enable theICEway to enhance its technological offerings and drive expansion across key markets in the global cruise and travel sectors.

 

With a strong reputation for delivering cutting-edge IT solutions tailored to the cruise industry, theICEway has become a trusted partner to cruise operators and travel companies worldwide. Their innovative technology services include cloud solutions, managed services, system integration, and digital transformation, helping clients navigate the unique challenges of the maritime industry.

 

The growth investment from Key will further support theICEway’s mission to stay at the forefront of technological advancements. With an increased focus on innovation, the company plans to develop new services, strengthen its infrastructure, and enhance its presence in key markets. This partnership will also allow theICEway to invest in talent and expand its team to meet growing customer demand.

 

"We are thrilled to partner with Key Capital Partners, whose expertise in supporting growth businesses aligns perfectly with our vision for the future," said Ian Richardson, CEO and Co-Founder of theICEway. "This investment is a major step forward in our journey to becoming the leading global technology provider for the cruise and travel industries. With Key’s backing, we are confident in our ability to continue delivering exceptional value to our clients and expanding our capabilities."

 

Key Capital Partners, known for its focus on supporting high-growth businesses, expressed their enthusiasm for the partnership. Matt Tice, Director at Key commented, “We are excited to work alongside theICEway and help drive their ambitious growth strategy. Their deep industry expertise and strong client relationships make them a standout company in the specialised cruise technology sector. Together, we look forward to unlocking new opportunities for innovation and expansion.”

Sam Davies, Partner in the Cowgills team that advised the shareholders on the deal, commented: “The investment backed by Key is the culmination of many years of partnership between Cowgills and Iceway. This is a great result for the shareholders and the new partnership with Key I am sure will be very profitable for both parties. This was a team effort from Cowgills with support from our Tax, Strategic Support and Lead Advisory teams, notably Brett Marsden who has worked very closely with management..”

The deal was led by Matt Tice, James Hall and Hannah Kirkup , investors at Key. Legal advice was provided to the Key team by John Hamer and Kayleigh Watson at Walker Morris and tax structing work by Fletcher Adamowicz of BHP. Due diligence was conducted by Laura Bollen of RSM (Financial), Jack Hibbs of Armstrong (Commercial), Ben Morton of Intechnica (IT) and Dan O’Connell of Gallagher (Insurance).

Advisers to the company and shareholders included Cowgills Corporate Finance (Sam Davies, Brett Marsden, Ed Higham), Cowgills Tax (Georges Daubney, Jason Gauthier, Claudia Harrison) Bermans (Jon Davage, Robin Hastings, Nathan Hughes).

 

The partnership marks the beginning of a new chapter for theICEway, as it positions itself for accelerated growth and continued success. By combining its unique industry insights with Key’s financial backing, theICEway is set to revolutionise cruise technology and elevate the experiences of its clients across the globe.

 

For more information, please contact:

Colm Bushell

theICEway

07519 887852

colm.bushell@theiceway.com

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**About theICEway**

theICEway is a specialised cruise technology company offering end-to-end IT services and solutions to the cruise and travel sectors. With a focus on innovation, reliability, and customer service, theICEway helps clients navigate complex digital landscapes, enabling them to operate more efficiently and effectively in the maritime environment.

 

**About Key Capital Partners**

This is the seventh investment from KCP IX. Key makes equity investments into growth businesses and has an outstanding track record of delivering strong returns for its investors and supporting management teams to create exceptional businesses.