M&A Deal Summary

Norwegian Cruise Line Holdings Acquires Prestige Cruises International

On September 2, 2014, Norwegian Cruise Line Holdings acquired leisure company Prestige Cruises International for 3.0B USD

Acquisition Highlights
  • This is Norwegian Cruise Line Holdings’ 1st transaction in the Leisure sector.
  • This is Norwegian Cruise Line Holdings’ largest (disclosed) transaction.
  • This is Norwegian Cruise Line Holdings’ 1st transaction in the United States.
  • This is Norwegian Cruise Line Holdings’ 1st transaction in Florida.

M&A Deal Summary

Date 2014-09-02
Target Prestige Cruises International
Sector Leisure
Buyer(s) Norwegian Cruise Line Holdings
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) UBS Investment Bank (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Prestige Cruises International

Miami, Florida, United States
Prestige Cruises International, Inc. is a cruise ship operator serving the upscale cruise segment. It's also the parent company of Oceania Cruises and Regent Seven Seas Cruises. Prestige operates eight ships and approximately 6,500 berths.

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Buyer(S) 1

Buyer

Norwegian Cruise Line Holdings

Miami, Florida, United States

Category Company
Founded 1966
Sector Leisure
Employees41,000
Revenue 8.6B USD (2023)
DESCRIPTION
Norwegian Cruise Line's corporate headquarters in Miami, Florida.
Norwegian Cruise Line's corporate headquarters in Miami, Florida.

Norwegian Cruise Line Holdings is a diversified cruise operator of global cruise lines spanning market segments from contemporary to luxury under the Norwegian, Oceania and Regent brands. These brands operate 21 ships with approximately 40,000 Berths visiting approximately 420 worldwide destinations. Norwegian is an innovator in cruise travel with a history of breaking the boundaries of traditional cruising, most notably with the introduction of “Freestyle Cruising,” which changed the industry by giving guests more freedom and flexibility. Oceania is a market leader in the upper-premium cruise segment featuring the fine cuisine at sea, elegant accommodations, impeccable service and destination-driven itineraries. Regent is a market leader in the luxury cruise segment with all-suite accommodations, highly personalized service and the industry’s most inclusive luxury experience featuring round-trip air, fine wines and spirits and unlimited shore excursions among its numerous included amenities. Norwegian Cruise Line Holdings was formed in 1966 and is based in Miami, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1