Louis PLC, a Cyprus-based tourism organization and parent company of Celestyal Cruises, a cruise operation in the Greek Islands and Mediterranean has entered a strategic investment agreement with funds managed by global private investment firm, Searchlight Capital Partners.
Searchlight will make an investment into new holding company, Celestyal Holdings which is intended to amplify Celestyal’s brand globally and build on its operational footprint. Louis Group will continue to be a shareholder in the new holding company.
“We are extremely pleased to have Searchlight as a strategic partner and are eager to join forces with them to build on our positive momentum, amplify our global brand awareness and elevate our award-winning guest experience, taking it to new heights,” said Chris Theophilides, Celestyal CEO.
“We believe this partnership will help to reinforce the company’s position as the leading cruise operator in the Eastern Mediterranean region and enhance its uniquely authentic experiences and operating footprint,” added Ralf Ackermann, Searchlight Partner.
Louis PLC was advised by financial advisors, Houlihan Lokey; legal advisors, Hill Dickinson and Chryses Demetriades; and tax advisors, PricewaterhouseCoopers. Searchlight was advised by legal advisors, Willkie Farr & Gallagher LLP; financial advisors, Alvares & Marsal; tax advisors, KPMG, insurance advisors, Lockton; and technical advisors Renaissance Shipbroking.