News & Deals

Kaimakliotis LLC advises Searchlight Capital Partners on the acquisition of a majority stake in Celestyal Cruises

Kaimakliotis LLC advised Searchlight Capital Partners, a leading global private investment firm, on all aspects of Cyprus law, in relation to its agreement to acquire a majority stake in Celestyal Cruises and related debt financing arrangements. As part of the transaction, Searchlight will also invest in a new holding company, Celestyal Holdings, to propel Celestyal’s growth strategy and accelerate its fleet renewal plan.

Celestyal Cruises, based in Cyprus, is a leading cruise operator in the Greek Islands and East Mediterranean. It is a subsidiary of Louis PLC, founded in 1935 as the first travel agency in Cyprus.

Searchlight is a global private investment firm with over $9 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders.

Willkie Farr & Gallagher LLP acted as lead counsel to Searchlight and Louis PLC was advised by Hill Dickinson, London.

The Kaimakliotis LLC team was led by Pavlos Kaimakliotis (Partner), Panayiota Pieri (Senior Associate) and Alexandros Apostolatos (Senior Associate), assisted by Maria Spyrou (Junior Associate) and Marietta Pitta (Junior Associate).