Sycamore Partners completed the acquisition of Azamara Brand from Royal Caribbean Group for $201m.

Sycamore Partners, a private equity firm, completed the acquisition of Azamara Brand, a cruise ship fleet operator, from Royal Caribbean Group, a global cruise vacation company, for $201m. "Our strategy has evolved into placing more of our resources behind three global brands, Royal Caribbean International, Celebrity Cruises and Silversea, and working to grow them as we emerge from this unprecedented period. Even so, Azamara remains a strong brand with its own tremendous potential for growth, and Sycamore's track record demonstrates that they will be good stewards of what the Azamara team has built over the past 13 years," Richard D. Fain, Royal Caribbean Group Chairman and Chief Executive Officer.