$500 Million Boost from Viking Investors for China Expansion

By ,   September 14, 2016 ,   Cruise Industry

TPG Capital and Canada Pension Plan Investment Board intend to make a joint USD 500 million investment in parent company Viking Cruises for a combined 17% stake, according to Mergers&Acquisitions.

M&A said that the funding would help the growth of Viking, particularly in ocean cruise area, and strengthen company's balance sheet as it branches into China starting from 2016.

The deal is subject to regulatory approval and is expected to close early in the 4th quarter.