Investment company 5square joins Corendon Leisure Group as a shareholder. It will have a strategic minority stake and will support the ambitions of the travel company as a strategic partner. Corendon is entering a new growth phase, with a focus on the combination of tour operator and international hotel activities, the company said in a statement on Saturday. ́5square is currently the ideal partner for Corendon. We emphasize the close relationship that has existed between the two parties for some time,” says Atilay Uslu, founder of Corendon. “Together, we will work the further growth of our great company. Their knowledge, experience and dedication fit seamlessly with our vision for the future of Corendon.” 5square is an investment company that has supported a large number of Dutch companies since 2004 with growth capital and strategic and operational knowledge. 5square’s investments are aimed at companies in a growth and transformation phase. The portfolio is made up of successful and fast-growing manufacturing, wholesale and retail companies, the company reports. Remco van den Heuvel, founder and partner at 5square, says he is impressed by Corendon, the management team and the organization. ́The shared vision, the strong market position and the entrepreneurial leadership of the management offer excellent opportunities for further growth and success. ́ Photo: The new management of Corendon that was presented at the Vakanantiebeurs (from left to right): Steven van der Heijden, Harry Nigten, Gunay Uslu, Simone van den Berk and Atilay Uslu (Archive photo TravMagazine).
