Viking Cruises Announces Additional Investment from TPG and CPP Investments
Summary
This infusion of equity capital will prepare us for future opportunities to continue developing our business," said Torstein Hagen, Chairman of Viking. This was the first in a series of announcements we have planned in the coming weeks, including our enhanced health and safety program and initiatives that will expand Vikings global reach." "We are excited to deepen our partnership with Tor and the entire Viking team," said Paul Hackwell, Partner at TPG Capital and Co-Head of Consumer investing. "While the pandemic has posed many challenges, we have strong conviction that Vikings unique global offering in the cruise industry will continue to be sought out by many guests well into the future. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.