Hornblower Group, the cruise operator that operates the NYC Ferry system, has been acquired by a private equity firm after filing for bankruptcy — though the city says this will not impact ferry service.
The San Francisco-based company said Wednesday that the private equity firm Strategic Value Partners (SVP) would acquire a majority stake in the firm, injecting $121 million in financing to Hornblower coffers and reducing its overall debt load by $720 million.
In the Community with Council Member Kamillah Hanks
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Meet the Candidates: General Election | Alec Brook-Krasny, Assembly District 46
Meet the Candidates: General Election | Vito LaBella, State Senate District 17
Meet the Candidates: General Election | Grace Lee, Assembly District 65
Chalk pleas and arguments with opponents: Inside another college campus pro-Palestine protest in Manhattan
DA Bragg indicts ‘worst landlord’ for harassing rent-regulated tenants in Manhattan buildings
BREAKING: Ferrara resigns from CB11 following board vote to remove her as chair
Brooklyn’s own Hakeem Jeffries may be the most powerful man in Congress
