Announced
Completed
Financials
Sources
Tags
Customer Relationship Management
Completed
Private Equity
Friendly
Public
marketing services
event organization
Domestic
Acquisition
United States
Minority
Single Bidder
Synopsis
Private equity firm Crestview Partners completed a $180m investment in Viad, a diversified services company. "Since the global Covid-19 pandemic began, we have taken proactive measures to ensure that Viad is sufficiently capitalized to withstand this downturn and emerge in a position of strength, with Pursuit poised to continue on its pre-Covid growth trajectory. I am happy to report that we have secured additional capital of up to $180m from Crestview and longer-term financial covenant relief on our existing credit facility until the end of the third quarter of 2022," Steve Moster, Viad President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.