M&A Deal Summary

iCON Infrastructure and Royal Caribbean Acquire CTI

On December 19, 2022, infrastructure investor iCON Infrastructure and Royal Caribbean acquired transportation company CTI

Acquisition Highlights
  • This is iCON Infrastructure’s 5th and Royal Caribbean’s 1st transaction in the Transportation sector.
  • This is iCON Infrastructure’s 6th and Royal Caribbean’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-12-19
Target CTI
Sector Transportation
Buyer(s) iCON Infrastructure
Royal Caribbean
Deal Type Joint Venture

Target

CTI

London, United Kingdom
CTI is established to develop, own and manage cruise terminals at strategic destinations. CTI was formed in 2022 and is based in London, United Kingdom.

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Buyer(S) 2

Buyer

iCON Infrastructure

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure is an independent private equity firm focused on investing in infrastructure assets throughout Europe and North America. iCON targets mid-market opportunities covering transportation, utilities, communications, energy, and environmental. iCON Infrastructure was founded in 2004 and is based in London, England.


DEAL STATS #
Overall 26 of 32
Sector: Transportation M&A 5 of 6
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 6 of 7
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Gruppo Spinelli

Genoa, Italy

Gruppo Spinelli is a provider of container terminal and logistics business. Gruppo Spinelli was founded in 1963 and is based in Genoa, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 NVA Renewables

Lainate, Italy

NVA Renewables is a private specialist residential care provider in supporting service users with intellectual disabilities, mental health conditions and other complex needs. NVA Renewables is based in Lainate, Italy.

Buy -
Buyer

Royal Caribbean

Miami, Florida, United States

Category Company
Founded 1968
Sector Leisure
Employees105,950
Revenue 16.5B USD (2024)
DESCRIPTION

Royal Caribbean is a global cruise holding company headquartered in Miami, Florida. It operates several cruise brands, including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, along with joint ventures TUI Cruises and Hapag?Lloyd Cruises. Royal Caribbean was established in 1968 and is based in Miami, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Azamara

Miami, Florida, United States

Azamara is a boutique luxury cruise line serving guests interested in experiencing and traveling Europe, the South Pacific, the Mediterranean and Caribbean. Azamara was founded in 2007 and is based in Miami, Florida.

Sell $201M