CruiseManfredi Lefebvre confirms that his Heritage Group has made two fully funded offers to acquire the troubled cruise line.

Former Silversea boss throws in bid for Crystal Cruises

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Crystal Cruises has an established reputation for its high-quality service and care.
Crystal Cruises has an established reputation for its high-quality service and care. Photo Credit: Crystal Cruises

Will the troubled Crystal Cruises soon get a new owner?

While it's uncertain how it will eventually go, Manfredi Lefebvre d’Ovidio, the former owner of Silversea Cruises, has made two funded offers to acquire Crystal Cruises. 

Both acquisition offers were made by Heritage Group, the private equity firm managed by Lefebvre. One offer was made in early 2021, and the another one was made after Crystal's recent liquidation.

"We are a very credible buyer with roots in the cruise industry that stretch back in the late '80s," Lefebvre told Seatrade Cruise News. "We are firmly convinced that with our knowledge and know-how of the ultra-luxury segment we could transform Crystal into a success story."

Crystal's ships have a soul which I sincerely hope won't be left to die, restoring trade's and passengers' trust won't be easy but if we are given the chance we will go the extra mile not to disappoint them.– Cristina Levis, Heritage Group

Lefebvre, who sold his remaining stake in Silversea to Royal Caribbean last year, believed Heritage's majority ownership of both Abercrombie & Kent and Cox & Kings would generate synergies "that would facilitate the recovery and partially compensate for the deterioration of the brand exacerbated in the last few weeks".

Cristina Levis, chief investment officer of Heritage and former managing director of Silversea Expedition added, "I was telling my team to look to Crystal as an example of great brand like Silversea, to try and emulate and compete against. Crystal's ships have a soul which I sincerely hope won't be left to die, restoring trade's and passengers' trust won't be easy but if we are given the chance we will go the extra mile not to disappoint them."

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