Norwegian Cruise Lines IPO Roadshow

One the household names in cruises is on the road now. The company is fairly large with revenues of $2.3B and $540M in EBITDA for the 12 months ended September 2012. The company is substantially remade in terms of management starting with the CEO Kevin Sheehan in 2007. All but three of the top dozen managers were hired by Sheehan. Overall they hail from a combination of cruise, travel and consumer finance businesses. The transition included the rationalization and focusing of the fleet with a branded experience. This is a classic private equity deal (led by Apollo and TPG . . .

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