AMSTERDAM - Investment firm 5square is joining as a shareholder in Corendon Leisure Group. The company announced this on Saturday morning. They acquire a minority stake and will support the ambitions of the holiday company as a strategic partner. 

With fresh capital, Corendon can further invest in the tour operator and international hotel activities. 

Remco van den Heuvel, founder and partner at 5square, stated: "We are impressed by the business, the management team, and the organization. We are truly proud of our participation in Corendon. In 20 years, the company has become a leading tour operator and international hotel chain with over 750 million euros in revenue. The shared vision, strong market position, and entrepreneurial leadership of the management offer excellent opportunities for further growth and success."