H.I.G. Bayside Capital Europe has provided £125 million in financing to Riviera Travel to support its strategic growth initiatives and refinance existing debt.

Target Information

Riviera Travel, founded over 40 years ago, is a renowned global travel brand based in the United Kingdom. The company specializes in guided tours, cruises, and solo holidays, primarily catering to the over-60s demographic. Riviera Travel has established a solid reputation for delivering high-quality travel experiences, excellent customer service, and value for money, offering around 170 unique itineraries across more than 45 countries worldwide.

The recent financing provided to Riviera is instrumental in refining its operational capabilities. Led by Chief Executive Officer Phil Hullah, the management team aims to leverage this new funding to enhance existing itineraries, improve customer engagement, and pursue strategic growth initiatives following the company's successful acquisition by Silverfleet Capital.

Industry Overview in the UK

The UK travel industry has undergone significant transformations over the past decade, characterized by evolving consumer preferences and the integration of technology. As the market adjusts to post-pandemic realities, there is a noticeable tren