Hurtigruten Eyes IPO, Other Options

Expedition cruise operator Hurtigruten may be moving closer to an IPO or sale of the company, according to a statement from its investor relations department.

Last July, Cruise Industry News reported that there were three companies interested in acquiring the cruise operator.

“Please note that the ultimate shareholders of Silk Bidco, a holding company owning all of the shares of Hurtigruten AS, are exploring strategic options for their investment in Hurtigruten, which may result in an IPO or a sale of part or all of the assets or share capital of the Hurtigruten group,” said the company, in a statement recently released.

The line said more information would follow in due course.

TDR, a British private equity firm, acquired Hurtigruten in fall of 2014. It also provided capital to acquire and refurbish the Spitsbergen.

Since then, TDR has overseen the turnaround of the company, which has been led under the guidance CEO Daniel Skjeldam.

Skjeldam has cut costs, led a refurbishment program and put together a deal for two new expedition ships (plus two options), while moving the company quickly into the expedition cruise market by building capacity in the poles and other regions.

Other Key Expedition Market News:

Lindblad Bullish On Expedition Growth

SunStone to Build Up to 10 Expedition Ships in China

Expedition Market Report Now Available

Expedition Market is 1 Percent of Global Pie

Silver Cloud Expedition Renderings Revealed

Aurora Expeditions Set to Charter First SunStone Expedition Newbuild

Hurtigruten to Implement Coastal Expedition Teams

Oceanwide Expeditions Lays Claim to New Expedition Ship Order

12 Expedition Ships Ordered in Last 9 Months




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