Duke Street completed the acquisition of Great Rail Journeys.

Duke Street, the UK based mid-market private equity firm, completed its acquisition of Great Rail Journeys, a provider of escorted rail holidays. Financial terms were not disclosed. Duke Street plans to support the existing management team, led by Peter Liney, to develop the business’ rail and cruise offerings further, both in the UK and internationally, building on their significant experience in the leisure sector. “Our experience of backing market leaders in growing segments of the European leisure sector makes Great Rail Journeys a very exciting investment proposition. It is an outstanding business that delivers very high-quality service to its clients. Having known Peter Liney for a number of years, we are looking forward to working with him, Charles Gurassa and the wider team to continue to grow the business both in the UK and internationally.” Tom Salmon, Duke Street Partner.