AURELIUS takes a stake in Traumschiff

30.08.2010

AURELIUS takes a stake in Traumschiff

  • Acquisition of a majority stake in the Peter Deilmann shipping company and the MS “DEUTSCHLAND“
  • Long-term operation of the MS “DEUTSCHLAND“ as Traumschiff in the luxury segment secured
  • Investment of a double digit million euro amount

Munich, 30 August 2010 - Munich-based industrial holding AURELIUS and the Deilmann family have agreed today on the takeover of a majority stake by AURELIUS in the shipping company Peter Deilmann and their cruise liner DEUTSCHLAND, which was built by HDW in Kiel in 1998 and named by the former German President Richard v. Weizsäcker. The DEUTSCHLAND is the flagship of the German cruise line tradition which was founded by Peter Deilmann. The five-star-superior ship is well known as Traumschiff from the TV series of the same name and is the only cruise liner worldwide to be registered under the German flag. The Neustadt-based family enterprise generating revenues of about 50 million euros in the previous fiscal year was in need of additional capital due to the overall difficult economic situation and some fire damage. AURELIUS provides a double-digit million euro amount to strengthen the company’s capital base.

Hedda Deilmann says: “We are very happy that we have found a safe harbor in a financially strong and long-term investor after these stormy months.”

This is confirmed by Gisa Deilmann: “Our clients have very high quality requirements. In AURELIUS we have found a partner understanding our guests’ needs and supporting our endeavor to offer quality of the absolute luxury segment.”

Dr. Dirk Markus, CEO of AURELIUS, says: “We are pleased to board the DEUTSCHLAND! The Traumschiff of the Peter Deilmann shipping company represents amazing travel experiences of the best German cruising tradition. We will extend this top class positioning and actively support the company in its further development.“

The transaction is still subject to approval by the responsible antitrust authorities as well as the agreement of the accompanying consortium of banks consisting of Deutsche Bank Shipping, HSH Nordbank, Kreditanstalt für Wiederaufbau (KfW) and DVB Bank, which have positively accompanied the transaction so far.

Press material on the DEUTSCHLAND can be found here: http://www.deilmannkreuzfahrten.de/htmlr/pages/pressedown.html