Curacao tour bus company Irie Tours has broadened its horizons with the takeover of local travel company Does Travel & Cadushi Tours, restaurant Pirates Nest and two catamarans from Bounty Adventures.
Dennis and Sadira Henriquez are the current owners of Irie Tours and now of Does Travel & Cadushi and Pirates Nest. The Henriquez couple started out in 2006 with the rental of scooters to tourists. The business grew rapidly as tourists were impressed with the knowledge of the couple. At that moment the idea was born to expand into a full-fledged tour bus company.
As a corporate finance firm, cfg was involved by bringing Irie Tours and the other parties involved together. Furthermore, cfg guided Irie Tours in the capital-raising process by arranging a tailormade financing proposal to make this unique deal possible.
Cfg managing director Walter Blijleven states: ‘Irie Tours is well-known for offering safe and high-quality excursions. It caters small as well as large groups, they have a wide variety of fun tours to offer. Now, the company not only doubles the number of busses from five to ten, but the organization now also owns the catamarans, a travel agency and a restaurant. Irie Tours can now cater to almost every part of the tourism market. Together the three companies consist in total of around fifty employees, all will remain employed after the deal.’
Irie Tours vision for the future is to further expand its business. Growth is important to meet the increasing demand in the industry. Cfg will assist Irie in future business expansion.