M&A NEWS

Kennedy Lewis takes majority control of camper firm roadsurfer

The US credit-focused manager moves in after a wave of insolvencies among German camper rental rivals.

M&A News deals deskConsumer / Camper van rental and travel · Germany, Europe26 Oct 2026

Kennedy Lewis Investment Management has become the majority shareholder of roadsurfer, the Munich-based camper van rental company, it said on 26 October 2026. Financial terms were not disclosed.

Why Kennedy Lewis Investment Management is buying roadsurfer (majority stake)

Kennedy Lewis said it has experience providing flexible capital to asset-intensive businesses and a track record in travel and leisure, and that the investment reflects confidence in the camper travel and outdoor leisure sector. roadsurfer said it remains focused on operational efficiency, product quality and profitability.

“We are excited to partner with Kennedy Lewis and appreciate their confidence in roadsurfer and the business we have built.”Markus Dickhardt, founder and CEO, roadsurfer

Deal terms and financing

According to the commercial register cited by MARES, Kennedy Lewis holds 66.69%, the five founders 16.61% and the wider management team 19.08%. Heartcore Capital, IAG Invest and Raiffeisen OÖ Invest remain minority shareholders, the outlet reported.

Market context

roadsurfer operates about 10,000 vehicles across 100 locations in 16 countries. MARES reported 2023 consolidated revenue of about €114m and noted that rivals Off, Plugvan and Roadfans filed for insolvency during the sector's downturn.

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