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Private equity investor joins board of Norwegian Cruise Line Holdings

One of the bosses of a private equity firm that invested in Norwegian Cruise Line Holdings has joined the board of the US cruise group.

Scott Dahnke, global co-chief executive of L Catterton, was named as a new independent director on Tuesday.

L Catterton invested $400 million into the parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises in May.

NCLH chairman Russell Galbut said: “Scott’s extensive experience partnering with and building leading consumer brands over multiple decades will be invaluable to our board.”

President and chief executive Frank Del Rio added: “Scott is an ideal candidate and his experience will complement the diverse talents of our existing board members.

“Scott brings strong leadership capabilities and significant finance, management, and investing expertise, as well as unique insights into the global consumer that he has cultivated during his impressive career.”

L Catterton claims to be the world’s largest consumer-focused private equity firm, with $20 billion of equity capital.

Dahnke has completed more than 30 investments in companies, including Peloton and Kettle Chips.

He said: “Norwegian has been an innovator in global cruise travel, providing exceptional vacation experiences to consumers for more than 50 years, and I look forward to leveraging my insights and experience as I work closely with my fellow board members and management to continue building on this great legacy.”

The appointment comes as virtually all global cruises remain cancelled due to multiple government restrictions due to the global Covid-19 pandemic.

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