About Regent Seven Seas Cruises
Regent Seven Seas CruisesSM
(RSSC) operates a fleet of medium-sized luxury
cruise ships that visit over 300 ports on all seven
continents, including Antarctica. RSSC is
consistently rated among the world's top three
cruise lines by readers of luxury travel magazines.
Travel professionals worldwide voted RSSC the
"World's Best Luxury Cruise Line" for the third
consecutive year as part of the 2006 Travel Weekly
Awards and readers of Condé Nast Traveler
magazine voted RSSC "World's Best Small-Ship Cruise
Line" in 2007.
For further information, contact Regent Seven
Seas Cruises, 1000 Corporate Drive, Suite 500, Fort
Lauderdale, Florida, 33334. For brochures, call
toll-free (866) 284-4079; for reservation
information call toll-free (800) 285-1835.
Company Statement
In keeping with our brand promise of Luxury
Goes Exploring®, it is our objective to provide
an ultra-luxury cruise experience in all corners of
the world.
Regent Seven Seas Cruises is recognized as one of
the world's premier luxury lines with features such
as 6-star, all-suite, all-balcony ships, Le Cordon
Bleu menus and superior space and service ratios.
However, even more compelling than the quality of
our ships is the adventurous spirit of RSSC - the
imaginative itineraries, unique shore excursions and
land tours, and the other innovative services we
offer discerning guests. The Regent Travel
Concierge features personalized services and
programs that enable you to travel at your own pace
and explore those things which interest you the
most. From unique, pre-bookable adventures
ashore to exclusive pre- and post-cruise land
programs, the world is quite literally in the palm
of your hand when you travel with Regent Seven Seas
Cruises.
In addition to the all-suite, all-balcony
700-guest Seven Seas Voyager, Regent Seven Seas
Cruises' fleet of six-star ships also includes the
all-suite, all-balcony 700-guest Seven Seas Mariner,
the 490-guest Seven Seas Navigator (with 90% balcony
suites) and the 330-guest Paul Gauguin (with over
50% private balconies), a ship dedicated to sailing
the South Pacific. In addition, the top-rated
expedition ship Minerva is chartered on a seasonal
basis for sailings to Antarctica.
Regent Seven Seas Cruises, with headquarters in Fort
Lauderdale, is owned by Prestige Cruise Holdings, an
Apollo Management Portfolio company L.P. Prestige
Cruise Holdings is the market leader in the Upper
Premium and Luxury segments of the cruise industry
with more than 4,450 berths between the Regent Seven
Seas and Oceania Cruises brands, a number the
company expects will grow to more than 6,700 berths
by 2011.
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Dec 10, 2007
Apollo Management L.P. Acquires Regent
Seven Seas Cruises
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Minneapolis-based Carlson and
Apollo Management L.P. (Apollo) today
announced that Apollo has agreed to acquire
Carlson's Regent Seven Seas Cruises
operations. The acquisition is expected to
be completed in the first quarter of 2008,
subject to normal conditions for a
transaction of this type, including
regulatory approval. The cruise operations
will continue as a key part of the global
Regent brand.
Regent Seven Seas Cruises and Oceania
Cruises will be placed under the ownership
of Prestige Cruise Holdings, Inc. (PCH), a
corporation controlled by Apollo which will
manage certain cruise portfolio assets of
Apollo. NCL Corporation will remain a
separate holding outside of PCH.
Regent Seven Seas Cruises will remain a
wholly independent brand under the guidance
of Mark Conroy, president of Regent Seven
Seas Cruises, and will continue to operate
from its Fort Lauderdale, Florida
headquarters, and Oceania Cruises will
remain in its Miami headquarters, headed by
Bob Binder, president of Oceania Cruises.
Both Binder and Conroy will report directly
to Frank Del Rio, chairman and CEO of
Prestige Cruise Holdings.
Apollo's acquisition of Regent Seven Seas
Cruises strengthens its position in the
cruise industry with the addition of an
award-winning luxury cruise brand to its
cruise portfolio. Regent Seven Seas Cruises
will continue to focus on the luxury segment
of the marketplace by offering a six-star,
all-inclusive experience, and Oceania
Cruises will continue to lead the Upper
Premium segment.
About Apollo Management L.P.
Founded in 1990, Apollo is a leading
private equity and capital markets investor
with more than 17 years of experience
investing across the capital structure of
leveraged companies. The firm employs over
140 professionals and has offices in New
York, Los Angeles, London, Singapore,
Frankfurt and Paris. Since its inception,
Apollo has managed more than $28 billion of
capital across a wide variety of industries
both domestically and internationally. The
firm's most recent private equity fund and
its co-investment affiliate have capital
commitments of approximately $11.6 billion.
Investments in the leisure and hospitality
industries have included Harrah's
Entertainment (pending), AMC Entertainment,
Sirius Satellite Radio, Wyndham
International, and Vail Resorts. Apollo is
already active in the cruise industry,
having invested in the upper premium Oceania
Cruises brand earlier this year, and is
scheduled to shortly close on a committed
investment in NCL Corporation Ltd ("NCL"),
parent company of Norwegian Cruise Line and
NCL America . Since investing in Oceana,
Apollo has supported the ordering of two new
ships worth approximately $1 billion.
About Carlson:
Carlson is a global leader in the hotel,
restaurant, business and leisure travel, and
marketing industries.
The Carlson family of brands and services
include: Regent Hotels & Resorts®, Radisson
Hotels & Resorts®, Park Plaza Hotels &
Resorts, Country Inn & Suites By Carlson,
Park Inn® hotels, Regent Seven Seas
Cruises®, T.G.I. Friday's and Pick Up Stix®
restaurants, Carlson Wagonlit Travel®,
Cruise HolidaysSM,
All Aboard Travel, Cruise Specialists,
Fly4Less.com, Cruise Deals.com, Dazzle
Travel, Results! Travel®, Carlson
Destination Marketing Services, Carlson
Leisure Travel Services, SeaMaster Cruises®,
SinglesCruise.com, Partners In Travel,
Luxury Travel Network, Carlson Marketing,
Peppers & Rogers Group®, and Gold Points
Reward Network®.
Based in Minneapolis, Carlson's brands and
services employ about 190,000 people in 150
countries and territories. Carlson's 2006
systemwide sales, including franchised
operations, totaled $37.1 billion.
www.carlson.com.
SOURCES:
Prestige Cruise Holdings, Inc.
Carlson
CONTACTS:
Prestige Cruise Holdings, Inc. Media Contact
Tim Rubacky, +1-305-514-2311
Carlson Media Contact
Sam Macalus, +1-763-212-2477
Regent Seven Seas Media Contact
Andrew Poulton + 1-954-940-7377
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