BOSTON and LONDON, June 14, 2018: Morgan Lewis is advising Silversea Cruises, a privately-owned European business recognized as the acknowledged leader in the luxury and expedition cruise line industry, in an investment by Royal Caribbean Cruises Ltd, a New York Stock Exchange-listed global cruise vacation company that owns and operates three global cruise brands.
Under the terms of the agreement announced today, Royal Caribbean will acquire a 66.7% equity stake in Silversea Cruises based on an enterprise value of approximately $2 billion. The purchase price of the equity being acquired is approximately $1 billion.
The strategic rationale for the partnership includes
The transaction is expected to be completed later in the year, subject to customary closing conditions and regulatory approval.
A multi-jurisdictional Morgan Lewis team is led by corporate partners Carl A. Valenstein (Boston) and Tom Cartwright (London). A combined team of Morgan Lewis lawyers in London, Boston, and New York are advising Silversea on corporate, regulatory, finance, intellectual property, tax, labor and employment, and antitrust/competition aspects of the transaction.