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Freshfields Advises Royal Caribbean Group on Sale of Azamara Cruise Line to Sycamore Partners

Freshfields is advising Royal Caribbean Group (NYSE:RCL) on the sale of its Azamara cruise line to Sycamore Partners.
The transaction is structured as an all-cash carve-out transaction. Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property. The transaction is subject to customary conditions and is expected to close in the first quarter of 2021.  
The Freshfields M&A team is being led by partners Valerie Ford Jacob and Paul Tiger and includes associates Olaf Ehlers, Max Sanders, and Khaair Morrison. Tax advice is being provided by partners Helen Buchanan and Robert Scarborough, counsel Dennis Caracristi, and associates Alan Rafferty and Edward Buxton. Partner Mena Kaplan, special counsel Peter Jaffe and associates Marissa Yu, Jillian Simons and Tibor Szigetvari are advising on IP and data protection matters. Partners Maj Vaseghi and Alice Greenwell, and associate Sara Ghulamhussain are providing advice on employee benefit and employment matters. Antitrust advice is being provided by partners Bruce McCulloch and Franck Montag, and counsel Jennifer Mellott. Compliance advice is being provided by partner Olivia Radin, counsel Stephanie Brown-Cripps and associate Weronika Bukowski.
More details about the transaction can be found here

Update: the transaction closed on March 19, 2021. Details available here.


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For more information contact:

Elliott Frieder
+1 212 230 4664