NEW YORK — Global investment firm L Catterton has entered into a definitive agreement to acquire a significant stake in AmaWaterways from a consortium of investors led by Certares.
According to reports, the Connecticut-based L Catterton has some US$34 billion in assets. A statement announcing the move says L Catterton has joined AmaWaterways’ founders Rudi Schreiner, Kristin Karst, and the Murphy family, all of whom remain committed to supporting AmaWaterways’ long-term growth and innovation in the river cruising industry and will continue to have meaningful ownership.
“This is an exciting new chapter for AmaWaterways,” said Rudi Schreiner, co-founder and CEO of AmaWaterways. “L Catterton brings unique insight into today’s customers, as well as exciting ideas on how we can work together to capitalize on a number of growth opportunities across our business. They share our passion for innovation and an unwavering commitment to creating unparalleled guest experiences. We look forward to working with them to continuously expand and enhance our river cruise portfolio for our customers.”
Marc Magliacano, co-Managing Partner of L Catterton’s Flagship Fund, added: “As consumers’ desire for unforgettable luxury travel experiences continues to grow, we understand the importance of creating highly curated and memorable opportunities for guests to see the world. We look forward to leveraging our global network and deep expertise across travel to identify new growth opportunities and thoughtful expansion initiatives, while empowering the innovative and pioneering spirit that has driven AmaWaterways’ success over the last two decades.”
Jennifer Reid, Partner in L Catterton’s Flagship Fund, added that AmaWaterways “continues to delight both guests and their cherished travel advisor partners, driven by its commitment to delivering first-of-its-kind ships, high-quality dining, wellness offerings, and exciting excursions to create an unmatched immersive experience. Rudi and Kristin are true visionaries. Along with their passionate and committed team, they continue to set the industry standard for personalized customer service and innovation. We couldn’t be more excited about this partnership; together we will continue to provide a distinct, luxury travel experience in many of the most sought-after destinations across the world.”
Colin Farmer, Senior Managing Director and Head of the Management Committee of Certares, said: “AmaWaterways is a truly special company – we deeply value and appreciate the opportunity we have had to partner with Rudi, Kristin, the Murphy family, and the McGeary family. We are extremely proud to have had a role in AmaWaterways’ growth over the last many years, including the significant additions to the company’s fleet, entry into new cruise destination markets, enhanced relationships with travel advisor partners, and expanding upon the innovative and extraordinary experiences AmaWaterways provides its guests daily. We wish our partners and everyone at the company nothing but continued success in this next chapter.”
