A&K Travel Group Ltd Acquires Luxury Cruise Vessels Crystal Serenity and Crystal Symphony
London – Paul Hastings LLP, a leading global law firm, advised A&K Travel Group Ltd, the Heritage-owned travel group, on its acquisition of two luxury cruise vessels, Crystal Serenity and Crystal Symphony.
A&K Travel Group Ltd is an industrial holding company managed by Manfredi Lefebvre d’Ovidio, Chairman of Heritage Group, and Geoffrey Kent. As part of the acquisition, A&K Travel Group has also acquired the award-winning brand ‘Crystal Cruises’. The two vessels will resume service in 2023 after undergoing extensive refurbishment and will continue to operate under the Crystal Cruises brand.
The Paul Hastings team was led by Corporate M&A partner Matthew Poxon, alongside Restructuring partner David Ereira, Finance partner Peter Hayes, and associates Elizabeth Athanassios, Rohin Ghosh Dastidar and Danté Adams in London. They were supported by Financial Restructuring Partner John Storz and associate Cole Harlan in New York. Paul Hastings received external counsel from Callenders in the Bahamas, alongside HFW and Stephenson Harwood acting as maritime counsel.
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