Certares Sells Its Stake in AmaWaterways

L Catterton, a global investment firm, has entered into a definitive agreement to purchase the entirety of Certares’ stake in AmaWaterways. The investment firm joins founders Rudi Schreiner, Kristin Karst, and the Murphy family, all of whom will continue to have “meaningful ownership” in the river cruise line.

“This is an exciting new chapter for AmaWaterways,” said Rudi Schreiner, co-founder and CEO of AmaWaterways. “L Catterton brings unique insight into today’s customers, as well as exciting ideas on how we can work together to capitalize on a number of growth opportunities across our business. They share our passion for innovation and an unwavering commitment to creating unparalleled guest experiences.”

“As consumers’ desire for unforgettable luxury travel experiences continues to grow, we understand the importance of creating highly curated and memorable opportunities for guests to see the world,” said Marc Magliacano, co-managing Partner of L Catterton’s Flagship Fund. “We look forward to leveraging our global network and deep expertise across travel to identify new growth opportunities and thoughtful expansion initiatives, while empowering the innovative and pioneering spirit that has driven AmaWaterways’ success over the last two decades.”

Jennifer Reid, Partner in L Catterton’s Flagship Fund added, “The Company continues to delight both guests and their cherished travel advisor partners… Rudi and Kristin are true visionaries. Along with their passionate and committed team, they continue to set the industry standard for personalized customer service and innovation… together we will continue to provide a distinct, luxury travel experience in many of the most sought-after destinations across the world.”

Certares, a travel and hospitality investor group that also owns a stake in Travel Leaders Group and Avoya, purchased its share of AmaWaterways in 2017.

“AmaWaterways is a truly special company – we deeply value and appreciate the opportunity we have had to partner with Rudi, Kristin, the Murphy family, and the McGeary family,” said Colin Farmer, senior managing director and head of the management committee of Certares. “We are extremely proud to have had a role in AmaWaterways’ growth over the last many years, including the significant additions to the company’s fleet, entry into new cruise destination markets, enhanced relationships with travel advisor partners, and expanding upon the innovative and extraordinary experiences AmaWaterways provides its guests daily. We wish our partners and everyone at the company nothing but continued success in its next chapter.”