M&A Deal Summary

Sycamore Partners Acquires Azamara

On January 19, 2021, private equity firm Sycamore Partners acquired leisure company Azamara from Royal Caribbean for 201M USD

Acquisition Highlights
  • This is Sycamore Partners’ 1st transaction in the Leisure sector.
  • This is Sycamore Partners’ 9th largest (disclosed) transaction.
  • This is Sycamore Partners’ 17th transaction in the United States.
  • This is Sycamore Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2021-01-19
Target Azamara
Sector Leisure
Buyer(s) Sycamore Partners
Sellers(s) Royal Caribbean
Deal Type Divestiture
Deal Value 201M USD

Target

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.

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Buyer(S) 1

Buyer

Sycamore Partners

New York, New York, United States
Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Sycamore Partners is an opportunistic and operationally focused private equity firm that targets businesses and divisions in the consumer and retail sectors. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.

DEAL STATS #
Overall 19 of 26
Sector (Leisure) 1 of 1
Type (Divestiture) 6 of 8
State (Florida) 1 of 2
Country (United States) 17 of 22
Year (2021) 1 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Ascena Retail - Ann Taylor LOFT Lou & Grey and Lane Bryant

Mahwah, New Jersey, United States

Ascena Retail's Ann Taylor, LOFT, Lou & Grey and Lane Bryant has evolved with the needs of real women who live full, happy, and accomplished lives. LOFT creates modern, feminine, and versatile clothing for a wide range of women with one common style goal: to look and feel confident, wherever the day takes them. Lou & Grey is about delivering style and comfort, inspired for millennial women. Lane Bryant had created the first known commercially sold maternity dress.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Torrid

City of Industry, California, United States

Torrid is a mall and web-based specialty retailer offering on-trend fashion apparel, lingerie, and accessories for the young, voluptuous woman who wears size 12 and up. Torrid operates more than 300 stores in the U.S. and Canada. Torrid was founed in 2001 and is based in City of Industry, California.

Sell -

Seller(S) 1

SELLER

Royal Caribbean

Miami, Florida, United States
Category Company
Founded 1968
Sector Leisure
Employees84,900
Revenue 27.2B USD (2021)
DESCRIPTION

Royal Caribbean is an operator of cruise lines. Royal Caribbean Group's brands include Royal Caribbean International, Celebrity Cruises, and Silversea. Royal Caribbean Group is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The Company was established in 1968 and is based in Miami, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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