Norwegian Cruise Line (NCL) said two board members who represent its key private-equity shareholders have resigned.
The move reduces Apollo Global Management’s role on the New York-listed cruiseship owner’s board and marks TPG Capital’s complete exit.
Both firms were major shareholders before NCL’s initial public offering (IPO) in 2013 and have since reduced their holding.
NCL said the resignations included Karl Peterson, a senior partner at TPG and managing partner of its European division.
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