Silversea Gets Premium Enterprise Evaluation – Cruise Industry News

With Royal Caribbean Cruises’ announcement today that it is acquiring a majority stake in Silversea Cruises, Royal Caribbean is entering the luxury market, where it has largely been absent, but also the true expedition market, where its main competitors are largely absent.

In the deal, Royal will acquire a 66.7 percent equity stake in Silversea for approximately $1 billion based on an enterprise value of $2 billion, according to a prepared statement. That would value Silversea at more than $700,000 per berth, compared to Genting’s 2015 acquisition of Crystal at an estimated $250,000 per berth, according to the 2018-2019 Cruise Industry News Annual Report’s berth estimates.

In addition, Manfredi Lefebvre D’Ovidio, executive chairman of Silversea, will receive 472,000 Royal Caribbean…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.