Searchlight Capital Partners’ Acquisition of Majority Stake in Celestyal Cruises Limited

Willkie Farr & Gallagher represented Searchlight Capital Partners in the transaction.

Searchlight Capital Partners entered into a definitive agreement to acquire a controlling stake in Mediterranean cruise company, Celestyal Cruises Limited. As part of the transaction, Searchlight will invest in a new holding company, Celestyal Holdings, to propel Celestyal’s growth strategy and accelerate its fleet renewal plan. 

Celestyal Cruises, based in Cyprus, is a leading cruise operator in the Greek Islands and East Mediterranean. It is a subsidiary of Louis PLC, founded in 1935 as the first travel agency in Cyprus. 

Searchlight is a global private investment firm with over $9 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders.

The Willkie team was led by partner Gavin Gordon (Picture) and included partners Rahul Saha, Ashley Young, Jane Scobie and Rita Mitchell and associates Amelia Doughty, Komal Raina, Andrew Turnbull, Nicola White, Ethan Douglas, Nikolai Hoffmann and Perrine Meyer.

Involved fees earner: Amelia Doughty – Willkie Farr & Gallagher; Ethan Douglas – Willkie Farr & Gallagher; Gavin Gordon – Willkie Farr & Gallagher; Nikolai Hoffmann – Willkie Farr & Gallagher; Perrine Meyer – Willkie Farr & Gallagher; Rita Mitchell – Willkie Farr & Gallagher; Komal Raina – Willkie Farr & Gallagher; Rahul Saha – Willkie Farr & Gallagher; Jane Scobie – Willkie Farr & Gallagher; Andrew Turnbull – Willkie Farr & Gallagher; Nicola White – Willkie Farr & Gallagher; Ashley Young – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Searchlight Capital Partners, L.P.;