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Ponant Completes Buyout By Artemis

Friday, October 09, 2015
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PARIS - Founded in 1988, cruise company PONANT offers exceptional itineraries all over the world and high-end amenities. Based in Marseille, the company owns one of the most recent fleets on the market. World leader in polar expeditions, in 2015 PONANT will have carried nearly 30,000 passengers with turnover topping €145 million (~$164,756,250 USD), a sharp year-on-year increase.

PONANT operates in the fast growing luxury cruise segment. Activity in this thriving sector is being driven notably by the growing interest of an international clientele, especially in North America and the Asia-Pacific region.

For the past three years, the company has been owned by BRIDGEPOINT, a major European investor on the unlisted market, which gave PONANT new impetus with its support. “In the last three years, together we have launched and financed new ships, opened new offices in Australia and China, and acquired a leading player in the American cultural cruise market. Today we are entering a new phase with a long-term shareholder who, like BRIDGEPOINT, shares our vision and ambitions for PONANT as a global player in the high-end cruise market”, said Jean-Emmanuel Sauvée, Co-founder and CEO of PONANT.

In seamless continuity with the past three years, PONANT will now be able with ARTEMIS to ramp-up its internationalisation program, consolidate its positions in France, Switzerland and Belgium and thereby enter a new phase in its development. Under the current Executive Management team, led by Co-founder and CEO Jean-Emmanuel Sauvée and Véronique Saadé, Deputy CEO, ARTEMIS intends to continue PONANT’s strategy focused on innovation and excellence that has made its fleet a symbol of sophistication as epitomized in the ‘French touch - art de vivre à la française’.

ABOUT PONANT
The only French-flag cruise line and world number one for polar cruises, PONANT was foundedin 1988 by Jean-Emmanuel Sauvée and a dozen Merchant Navy officers. Today the company is a reference for a new style of high-end cruises, a unique concept for sea travel that combines exceptional itineraries with five-star amenities on small capacity luxury ships. www.ponant.com
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