A&K Travel Group’s Acquisition of Two Luxury Cruise Vessels

In UK Paul Hastings LLP, advised on the matter.

Paul Hastings LLP advised Abercrombie & Kent with a team including David Ereira (Corporate M&A), Peter Hayes (Corporate M&A), Matthew Poxon (Picture – Corporate M&A).

A&K Travel Group Ltd, the Heritage-owned travel group, announced its acquisition of two luxury cruise vessels, Crystal Serenity and Crystal Symphony. 

A&K Travel Group Ltd is an industrial holding company managed by Manfredi Lefebvre d’Ovidio, Chairman of Heritage Group, and Sir Geoffrey Kent. As part of the acquisition, A&K Travel Group has also acquired the award-winning brand ‘Crystal Cruises’. The two vessels will resume service in 2023 after undergoing extensive refurbishment and will continue to operate under the Crystal Cruises brand.

The Paul Hastings team was led by Corporate M&A partner Matthew Poxon (Picture), alongside Restructuring partner David Ereira, Finance partner Peter Hayes, and associates Elizabeth Athanassios, Rohin Ghosh Dastidarand Danté Adams in London. They were supported by Financial Restructuring Partner John Storz and associate Cole Harlan in New York.
 

Involved fees earner: David Ereira – Paul Hastings LLP; Rohin Ghosh Dastidar – Paul Hastings LLP; Cole Harlan – Paul Hastings LLP; Peter Hayes – Paul Hastings LLP; Matthew Poxon – Paul Hastings LLP; John Storz – Paul Hastings LLP;

Law Firms: Paul Hastings LLP;

Clients: Abercrombie & Kent;

Author: Giulia Di Palma