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Linda Garrison

Apollo Management L.P. Buys Oceania Cruises

By March 14, 2007

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Oceania Nautica at the dock in Cadiz, SpainOceania Cruises, Inc. and Apollo Management L.P. ("Apollo") have announced that Apollo has forged a strategic partnership with Oceania Cruises. The transaction, valued at approximately $850 million dollars including the assumption of debt, is expected to be completed in the second quarter and is subject to normal conditions for a transaction of this type, including regulatory approval. Lehman Brothers Inc. and UBS Securities acted as financial advisors to Oceania Cruises on the transaction.
Apollo Management L.P. Buys Oceania Cruises

Oceania Nautica Photo (c) Linda Garrison

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