Searchlight Taps Investors to Fund Cruise Company Celestyal

Searchlight Capital Partnersis asking investors to inject fresh capital into a cruise line operator it took over two years ago, according to people familiar with the matter.

The private equity firm has hired Houlihan Lokey as an adviser to help it raise funds for Celestyal Cruises, the people said, asking not to be named discussing confidential information. The firms approached investors in recent weeks to discuss a variety of funding options, including third-party equity. Some investors approached by Searchlight were asked to chip in roughly €50 million ($52.6 million) apiece, two of the people said.

A representative for ...