L Catterton Acquires Significant Stake in AmaWaterways
L Catterton has agreed to acquire a significant stake in AmaWaterways from a consortium of investors led by Certares.
Founded in 2002, AmaWaterways offers itineraries exploring rivers in Europe, Asia, and Africa.
"AmaWaterways customers can enjoy tailored experiences across its fleet of innovatively designed vessels. The Company provides a unique onboard experience, including impeccably designed, spacious suites, regionally inspired cuisine using locally sourced ingredients, and a wide array of wellness and entertainment experiences, as well as best-in-class customer service and diverse shore excursions to explore each destination," the cruise line said in a statement.
"This is an exciting new chapter for AmaWaterways," said Rudi Schreiner, co-founder and CEO of AmaWaterways. "L Catterton brings unique insight into today's customers, as well as exciting ideas on how we can work together to capitalize 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."
"As consumers' desire for unforgettable luxury travel experiences continues to grow, we understand the importance of creating highly curated and memorable opportunities for guests to see the world," said Marc Magliacano, co-managing Partner of L Catterton's Flagship Fund. "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 Company continues to delight both guests and their cherished travel advisor partners, driven by its commitment to delivering first-of-its-kind ships, high-quality dining, wellness offerings, and exciting excursions to create an unmatched immersive experience," said Jennifer Reid, Partner in L Catterton's Flagship Fund. "Rudi and Kristin are true visionaries. Along with their passionate and committed team, they continue to set the industry standard for personalized customer service and innovation. We couldn't be more excited about this partnership; together we will continue to provide a distinct, luxury travel experience in many of the most sought-after destinations across the world."
"AmaWaterways is a truly special company—we deeply value and appreciate the opportunity we have had to partner with Rudi, Kristin, the Murphy family, and the McGeary family," said Colin Farmer, Senior Managing Director and Head of the Management Committee of Certares. "We are extremely proud to have had a role in AmaWaterways' growth over the last many years, including the significant additions to the company's fleet, entry into new cruise destination markets, enhanced relationships with travel advisor partners, and expanding upon the innovative and extraordinary experiences AmaWaterways provides its guests daily. We wish our partners and everyone at the company nothing but continued success in this next chapter."
Seatrade News reports, "L Catterton has cruise industry experience through its once-significant involvement in Norwegian Cruise Line Holdings at a critical juncture in the pandemic and, before that, with OneSpaWorld/Steiner Leisure.
"The firm manages approximately $35b of equity capital.
