Announced
Financials
Tags
Friendly
Pending
Single Bidder
Majority
Cross Border
Private Equity
cruise ships
Acquisition
Greece
Marine Transportation
Private
Synopsis
Searchlight Capital Partners, a private investment firm, agreed to acquire Celestyal Cruises, a cruise company. Financial terms were not disclosed. “The cruise industry has shown a tremendous amount of resilience coming out of the pandemic, and as Greece’s major, home-porting cruise line, Celestyal has played a pivotal role in the country’s strong tourism recovery. We are excited to support Chris and his management team and to work with the Louis Group to be involved in the next chapter of Celestyal’s growth. We believe this partnership will help to reinforce the company’s position as the leading cruise operator in the Eastern Mediterranean region and enhance its uniquely authentic experiences and operating footprint,” Ralf Ackermann, Searchlight Partner.
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