Niche cruise operator Compagnie du Ponant bought

Niche cruise operator Compagnie du Ponant bought

Niche luxury French cruise company Compagnie du Ponant is to be acquired by European private equity firm Bridgepoint.

A joint statement said: “The agreement will offer La Compagnie du Ponant the resources it needs to fulfil its ambitions, maintain its growth momentum and take its international expansion to a new level.”

The deal, for an undisclosed sum, has been sealed between Bridgepoint and Ponant parent CMA CGM Group, the world’s third-largest container shipping company and the biggest in France.

Compagnie du Ponant employs 580 staff operating four luxury yachts. It carried 20,000 passengers last year with a turnover of €80 million.

Its fleet includes the sister ships L’Austral and Le Boréal and it has another, Le Soléal, under construction due to enter service in a year’s time.

The vessels range in capacity between 32 and 132 cabins with the company specialising in five star expedition cruising in the Arctic and Antarctic.

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