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Apollo to buy cruise company Regent Seven Seas Cruises12/12/2007. Source: AltAssets. 
 Apollo Management has agreed to acquire Fort Lauderdale, Florida-headquartered leisure business Regent Seven Seas Cruises from Minneapolis-based Carlson. The deal, which will be Apollo's third cruise ship company purchase this year, is reported to be worth around $1bn.
Regent Seven Seas Cruises operates a fleet of medium-sized cruise ships, offering voyages to over 300 ports on six continents, including Antarctica.
Regent Seven Seas Cruises together with Oceania Cruises will be placed under the ownership of Apollo-owned corporation Prestige Cruise Holdings. Regent Seven Seas Cruises will remain a wholly independent brand.
Apollo agreed in August to acquire a 50 per cent stake in the Norwegian Cruise Line brand for $1bn. NCL will remain a separate holding outside of PCH.
Frank Del Rio, chairman and CEO of Prestige Cruise Holdings, said, 'Regent Seven Seas Cruises offers an exceptional product, and its superb shipboard and shoreside teams have built an enviable reputation as the foremost luxury cruise brand. The brand awareness and market presence of Regent Seven Seas Cruises and Oceania Cruises will offer our discerning travelers and travel agents worldwide the most vibrant and diverse range of cruise experiences, serving the broadest spectrum of spectacular destinations.'
Founded in 1990, Apollo employs over 140 professionals and has offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris. Its most recent private equity fund and its co-investment affiliate have capital commitments of approximately $11.6bn.
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