OneSpaWorld and Haymaker announce business combination.

Haymaker Acquisition Corp, a publicly traded special purpose acquisition company, and OneSpaWorld, the pre-eminent global provider of health and wellness products and services onboard cruise ships and in destination resorts around the world, agreed to a business combination agreement. OneSpa was sold by a portfolio company of L Catterton. Under the terms of the definitive business combination agreement, the transaction is valued at $948m. Glenn Fusfield, CEO of OSW, commented: “As a global leader in health and wellness and one of the largest wellness center operators in the world, OSW has a global platform and infrastructure that provides a unique competitive advantage to manage the complexity required to service many of the largest brands in the cruise and hospitality industries. This transaction will allow OSW to continue to execute its global expansion plan, increase the strength and depth of relationships with our existing cruise partners, many of whom we have partnered with for over 20 years, as well as increase our resort spa footprint with hospitality partners.”