CPPIB partners with TPG in $500 mln investment in Viking Cruises
Canada Pension Plan Investment Board has partnered with U.S. private equity firm TPG Capital in a combined investment of US$500 million in Viking Cruises, a Los Angeles-based provider of destination-centric river and ocean cruises. The deal gives CPPIB and TPG a joint 17 percent stake in MISA Investments Ltd, the parent of Viking Cruises. Founded in 1997 by CEO Torstein Hagen, Viking Cruises operates more than 61 vessels based in 44 countries. The partnership with CPPIB and TPG is intended to support the company's expansion into new markets and continued innovation, and to strengthen its balance sheet.
12 September 2016•6 mins read
