US-based private equity firm L Catterton has acquired a ‘significant stake’ in river cruise line AmaWaterways.
The shareholding has been acquired from a consortium of investors led by investment firm Certares.
In a statement L Catterton said it will join AmaWaterways’ founders Rudi Schreiner, Kristin Karst, and the Murphy family and they ‘remain committed to supporting the company’s long-term growth and innovation in the river cruising industry and will continue to have meaningful ownership in the company’.
AmaWaterways CEO and co-founder Rudi Schreiner said: “This is an exciting new chapter for AmaWaterways.
“L Catterton brings unique insight into today’s customers, as well as exciting ideas on how we can work together to capitalise on a number of growth opportunities across our business. They share our passion for innovation and an unwavering commitment to creating unparalleled guest experiences. We look forward to working with them to continuously expand and enhance our river cruise portfolio for our customers.”
L Catterton Co-Managing Partner Marc Magliacano added: “We look forward to leveraging our global network and deep expertise across travel to identify new growth opportunities and thoughtful expansion initiatives, while empowering the innovative and pioneering spirit that has driven AmaWaterways’ success over the last two decades.”
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The shareholding has been acquired from a consortium of investors led by investment firm Certares.
In a statement L Catterton said it will join AmaWaterways’ founders Rudi Schreiner, Kristin Karst, and the Murphy family and they ‘remain committed to supporting the company’s long-term growth and innovation in the river cruising industry and will continue to have meaningful ownership in the company’.
AmaWaterways CEO and co-founder Rudi Schreiner said: “This is an exciting new chapter for AmaWaterways.
“L Catterton brings unique insight into today’s customers, as well as exciting ideas on how we can work together to capitalise on a number of growth opportunities across our business. They share our passion for innovation and an unwavering commitment to creating unparalleled guest experiences. We look forward to working with them to continuously expand and enhance our river cruise portfolio for our customers.”
L Catterton Co-Managing Partner Marc Magliacano added: “We look forward to leveraging our global network and deep expertise across travel to identify new growth opportunities and thoughtful expansion initiatives, while empowering the innovative and pioneering spirit that has driven AmaWaterways’ success over the last two decades.”
The post Private equity firm acquires ‘significant stake’ in AmaWaterways appeared first on Travel Gossip.
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