Kirkland Represents Steiner Leisure Limited on Investment in OneSpaWorld
Kirkland & Ellis advised Steiner Leisure Limited on its investment in common equity and warrants in OneSpaWorld Holdings Limited (NASDAQ: OSW), the preeminent global provider of health and wellness services and products on-board cruise ships and in premium destination resorts around the world. The $75 million investment round includes commitments from certain funds advised by Neuberger Berman Advisers LLC and members of OneSpaWorld management and its Board of Directors. In 2015, an investor group led by L Catterton, the largest and most global consumer-focused private equity firm in the world, acquired the OneSpaWorld business when it closed on the take-private of Steiner Leisure Limited, and was instrumental in developing the platform that allowed OneSpaWorld to emerge as a public company in March 2019. Kirkland also represented the investor group in the original take-private of Steiner Leisure Limited, and represented Steiner in OneSpaWorld’s public offering.
Read the OneSpaWorld press release
The Kirkland team was led by transactional partners Joshua Kogan and Ryan Brissette and associates Jimin He and Blair Baker; capital markets partners Christian Nagler and Peter Seligson; debt finance partners Kathryn Leonard and Jason Kanner and associate Alena Thomas; and tax partners Vincent Thorn and Vivek Ratnam and associate Aime Salazar.
