River Advice - Squarefield

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River Advice

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Squarefield acted as exclusive financial advisor to River Advice securing their (re)financing

In December 2023, our client River Advice AG (“River Advice” or the “Company”), the European leader in operational services for cruises, signed and closed its refinancing comprising an amend and extent of existing facilities and an increase through additional facilities. The refinancing enables River Advice to invest in the continuation of its growth. Squarefield acted as exclusive capital advisor to River Advice and arranged a competitive bank financing package provided by UBS.

River Advice

River Advice, founded in 2004, is an integrated group of independent service labels on European waters, forming a white label full-service platform for its customers. River Advice is part of UNITED RIVERS Group and provides services for its related group companies and for third party clients. The Company provides transparent, modular, and tailor-made “white label” services for river and ocean cruises. River Advice offers services in the hospitality and catering sector, the nautical and technical sector, and provides administrative services including insurance and ship financing.

UNITED RIVERS is the market leader in Europe with over 120 ships under management, of which approx. 60-70 ships are serviced by the River Advice Group. The company has a broad base of loyal clients, who are market leaders in their own respective sectors.

“Squarefield played an essential role in the refinancing of River Advice. Via a structured process which focussed on the leading Swiss banks the preferred refinancing solution could be identified for the Company. In the end River Advice was happy being able to maintain the long-term relationship with UBS.”

Andreas Hien – CFO at United Rivers AG