Njord Partners, a leading investment manager with a strong track record in revitalising UK businesses, is pleased to announce the acquisition of Red Funnel. This marks an exciting new chapter for Red Funnel, the iconic ferry operator serving the Isle of Wight for over 164 years.
Over the past five years, Red Funnel has faced challenges. Significant indebtedness has severely limited Red Funnel’s ability to invest, but today’s milestone transaction creates a strong foundation for enhancing the service and delivering an outstanding experience for Red Funnel passengers.
Njord Partners brings a strong track record investing in, and supporting, growth at UK businesses, helping companies excel by strengthening their operations, improving products and services, and delivering for customers and communities. It has been nominated for, and won, numerous awards for successful business turnarounds and has particular expertise in the hospitality and maritime sectors, with portfolio companies including Valiant Pub Company, Ambassador Cruise Line, and Geoquip Marine.
Fran Collins, CEO at Red Funnel, said: “Our priority is to ensure Red Funnel operates sustainably and responsibly for decades to come, delivering high-quality, reliable, and friendly services across the Solent.
“We are delighted to partner with Njord Partners as Red Funnel enters this new chapter. Their milestone commitment gives us the confidence and platform to support our ambitious future plans.
“As a lifeline service provider, it is essential that our partners deeply understand our business and share our values. Njord Partners has a strong track record of building enduring relationships with owners, management teams, customers, and stakeholders—particularly in transport and maritime—supporting growth and long-term success.”
Jakob Kjellberg, Founding Partner at Njord Partners, commented: “Red Funnel is a vital part of the Isle of Wight’s economy and community—a true backbone of the Solent and South UK region. This is a great company with a proud history and a dedicated management team at its core.
“We are excited to support Red Funnel’s next chapter, restoring its financial health and empowering its people to deliver the reliable, efficient service that islanders and visitors deserve.”
