Abercrombie & Kent Forms Strategic Partnership
Exciting news in luxury travel! Geoffrey J.W. Kent, Founder, Chairman and CEO of luxury travel company Abercrombie & Kent and Manfredi Lefebvre d’Ovidio, Chairman of Heritage group have formed a strategic partnership to jointly acquire 100% of the Abercrombie & Kent Group of Companies S.A. (Abercrombie & Kent). This union brings together two visionaries in luxury travel to further develop Abercrombie & Kent as the premier brand in luxury and experiential travel.
Geoffrey Kent is a true pioneer in the luxury travel industry having created the first luxury tented photographic safaris in 1962 in Kenya and has built A&K into the world’s leading luxury and adventure travel company.
Manfredi Lefebvre built Silversea Cruises, created by his father in 1994 with the purchase of two ships, Silver Cloud and Silver Wind, into the leading luxury and expedition cruise line. Recently Royal Caribbean Group (RCL) acquired a 66% stake in Silversea Cruises. A&K is a separate and unique investment by Heritage group, led by Manfredi Lefebvre, and does not involve Silversea.
Both companies have grown to become the dominant players in their respective fields, offering a discerning clientele the ultimate in luxury travel.
Having known each other for more than 20 years, both share a passion for luxury travel. They have also been business partners, having acquired the MV Explorer in 1992.
“Abercrombie & Kent is the finest luxury travel company in the world, and I am honored to be able to partner with Geoffrey Kent to help this remarkable company continue its record growth,” said Manfredi Lefebvre, Chairman of Heritage group. Kent added: “I am very excited to be working with Manfredi. I cannot think of a better or more experienced partner for the next phase of A&K’s growth.”
Heritage group will own 85% of Abercrombie & Kent and Geoffrey Kent 15%. Geoffrey Kent will continue to be Chairman and CEO of the operating company, while Manfredi Lefebvre will become Chairman of Abercrombie & Kent Holding.
The closing is expected to be completed later in the year, subject to customary closing conditions and regulatory approvals.
Barclays Bank Plc served as financial advisor to Heritage group.