Sycamore Partners, a leading private equity firm that acquired Azamara Cruises from the Royal Caribbean Group recently, said it has acquired Pacific Princess of Princess Cruises as the fourth vessel for the upper premium segment boutique cruise line.

“Following a full-ship renovation, the fourth ship is scheduled to sail for its inaugural season in Europe in 2022,’ Sycamore said in a statement. 

Princess Cruises, which is part of Carnival Corporation & plc group. said last week it had sold Pacific Princess to an undisclosed buyer. It is a sister ship of Azamara Journey, Azamara Quest and Azamara Pursuit.

Pacific Princess would be renamed Azamara Equity.

The ships were built in France for the now defunct Renaissance Cruises at the turn of the Millennium and the class comprises a total of eight vessels. Pacific Princess started life as R3 in 1999 and as the name suggests, it was the third unit of the class.

"The addition of this ship is an important milestone and reflects Sycamore Partners' commitment to supporting Azamara in its next phase of growth," said Stefan Kaluzny, Managing Director of Sycamore Partners. 

"Expanding the fleet will allow Azamara to continue to serve loyal customers, as well as those new to the brand, with more unique Destination Immersion programming and itineraries."

The additional ship, which will be named at a later date, is comparable in size to Azamara Pursuit, Azamara Journey and Azamara Quest, expanding the fleet's overall capacity by 33%, Sycamore said.