Published on : Saturday, May 20, 2017
AmaWaterways is pleased to announce that it has closed on an investment from travel and hospitality investor group Certares LP. Certares joins the Schreiner/Karst, Murphy and McGeary families as the company’s fourth investor, all of whom remain committed to supporting AmaWaterways long-term growth and innovation in the river cruising industry. Terms of the transaction were not disclosed.
Last week, AmaWaterways, which is celebrating its 15th anniversary in 2017, christened its newest ship, the AmaKristina, and debuted its design and construction plans for its double-width Danube ship, the AmaMagna, which is expected to launch in 2019. Certares, whose other current investments include American Express Global Business Travel and Travel Leaders Group, is an investment company focused on the travel and hospitality sectors. Certares holds and oversees each of its portfolio companies separately.
Colin Farmer, Managing Partner of Certares, said “We are extremely excited to be joining the three family shareholders of AmaWaterways. Rudi, Kristin, the Murphys and the McGearys have built the leading luxury river cruising company in the industry and we are honored to join them in support of this next chapter of the company’s development. We are partnering with an exceptional team who have an incredible track record of customer service and product innovation.”
Rudi Schreiner, President of AmaWaterways, said: “We are happy to welcome Certares as a partner in AmaWaterways. We look forward to continuing our growth in the river cruising market with the support of our new partners and our family partners. We are proud of the company we have built over the last 15 years, the privilege we have of hosting our guests onboard every day and the opportunities we see ahead of us.”