Sale of The Company
On the 20th May, 2008 Sarina Bratton, Founder and Managing Director of Orion Expedition Cruises announced the purchase of the company by KSL Capital Partners, a leading private equity company in the USA. Following several unsolicited approaches to purchase Orion Expedition Cruises, the then current shareholders agreed to an offer from KSL Capital Partners, a Denver based private equity company specialising in high end travel and leisure enterprises. In this announcemount Mrs Bratton stated this majority shareholding will provide the capital and opportunity for Orion Expedition Cruises to expand beyond its one ship operation (through the building of new ships and/or other acquisitions), ahead of the original business plan.
Read more about this topic: Orion Expedition Cruises
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