Deals
Cruise Operator Hurtigruten Said to Attract Private Equity Firms
- EQT, Bain Capital, TPG said to mull bids for Norwegian company
- ABG Sundal and Goldman Sachs advising owner TDR on the sale
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Norwegian cruise operator Hurtigruten ASA has attracted interest from buyout firms EQT Partners AB, Bain Capital and TPG, according to people familiar with the situation.
The company’s owner, TDR Capital, is working with Goldman Sachs Group Inc. and ABG Sundal Collier Holding ASA to find a buyer, the people said, asking not to be named as the talks are private. The company expects to report earnings before interest, taxes, depreciation and amortization of 135 million euros ($153 million) this year, one of the people said.