A&Ok Travel Group acquires Crystal Cruises title and two ships | seatrade-cruise.com

This web page was created programmatically, to learn the article in its authentic location you’ll be able to go to the hyperlink bellow:
https://www.seatrade-cruise.com/ship-operations/ak-travel-group-acquires-crystal-cruises-name-and-two-ships
and if you wish to take away this text from our web site please contact us


The two luxurious ships have been acquired at auction with Crystal Symphony going for $25m and Crystal Serenity for $103m.

Lefebvre d’Ovidio, former proprietor and govt chairman of Silversea Cruises, confirmed to Seatrade Cruise News in February Heritage had made two totally funded gives for Crystal Cruises following its demise within the liquidation of Genting Hong Kong.

Crystal model lives on

The two ships will resume service in 2023 after present process in depth refurbishment and can function below the Crystal Cruises model that has additionally been acquired by A&Ok Travel Group Ltd. 

‘I’m thrilled to start out this new chapter and to be again in an business that has at all times had, and at all times may have a particular place in my coronary heart,’ stated Lefebvre d’Ovidio, co-chairman of A&Ok Travel Group Ltd., Crystal Cruises and Abercrombie & Kent.

His household acquired management of Sitmar Cruises 35 years in the past, constructing three cruise ships, and ‘pioneered a brand new method of cruising’ he added.

‘Our objective was to ship one of the best expertise, pampering friends from everywhere in the world with around-the-clock butler service and extraordinary culinary experiences. Selling the cruise enterprise that belonged to my household for 1 / 4 of a century was a tough determination, as I knew I’d miss this business immensely. 

‘Therefore, when the chance arose to amass Crystal Cruises, I didn’t give it some thought twice. Having subsequent to me my unimaginable buddy and galvanizing chief Geoffrey Kent makes this enterprise much more fulfilling,’ he stated.

Co-Chairman of A&Ok Travel Group Ltd and Crystal Cruises, and Founder, Co-Chairman and CEO of Abercrombie & Kent Geoffrey Kent commented, ‘The concept of mixing the unparalleled onboard service that Crystal Cruises is thought for, with the extraordinary tailored experiences Abercrombie & Kent has been efficiently offering for our friends for the previous 60 years, fills me with pleasure, enthusiasm and pleasure.’

Cristina Levis

Crystal Cruises and Abercrombie & Kent will report back to Cristina Levis, CEO of A&Ok Travel Group and former MD of Silversea Expeditions, who commented: ‘My return to luxurious cruising after 5 years brings again so many feelings. It is an immense privilege to serve these two unimaginable manufacturers that previously a long time have disrupted the journey business quite a few instances. Manfredi, Geoffrey and I stay up for welcoming previous Crystal and Abercrombie & Kent friends onboard, in addition to these searching for rewarding luxurious experiences.’
 
A&Ok Travel Group Ltd. has partnered with V.Ships Leisure for this acquisition. V.Ships Leisure served because the custodian for Crystal Symphony and Crystal Serenity throughout their arrest within the Bahamas. 

Global regulation agency Paul Hastings LLP acted for A&Ok Travel Group Ltd., led by London M&A associate Matthew Poxon, working with London Finance companions David Ereira and Peter Hayes, and New York Finance associate John Storz. Associates Elizabeth Athanassios, Dante Adams, Rohin Gosh Dastidar and Cole Harlan have been additionally a part of the authorized crew. Callenders Law acted for A&Ok Travel Group Ltd. in respect of Bahamian regulation, whereas HFW and Stephenson Harwood LLP supplied maritime regulation experience.
 
CMC Capital, Limited suggested A&Ok Travel Group Ltd. within the acquisition.


This web page was created programmatically, to learn the article in its authentic location you’ll be able to go to the hyperlink bellow:
https://www.seatrade-cruise.com/ship-operations/ak-travel-group-acquires-crystal-cruises-name-and-two-ships
and if you wish to take away this text from our web site please contact us

Leave a Reply

You have to agree to the comment policy.

seventeen − eight =