Announced
Financials
Tags
Recreational Services
wellness resort
United States
Acquisition
Private Equity
Minority
Friendly
Cross Border
Pending
Private
Synopsis
Steiner Leisure, a provider of spa services and skin and hair products on board cruise ships worldwide, is set to invest $75m in OneSpaWorld, provider of health and wellness services and products on-board cruise ships and in premium destination resorts around the world. Additional investors include L Catterton and Neuberger Berman Investment Advisers. “This investment substantially increases our financial strength and liquidity, and attests to investor confidence in our ability to weather this unprecedented crisis, rapidly rescale our operations, and resume our historical record of profitable growth. We are incredibly proud of our team’s resilience and dedication through this difficult time and their commitment to innovate new growth and value drivers as we emerge with even greater competitive strength," Leonard Fluxman, OneSpaWorld CEO.
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