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New Deal


Announced

Completed

Crestview Partners-backed Hornblower Group completed the acquisition of Journey Beyond from Quadrant Private Equity for $434m.

Financials

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Transaction Value£320m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Private

Completed

Single Bidder

tourism

Cross Border

Travel and Tourism

Majority

Australia

Private Equity

Synopsis

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Crestview Partners-backed Hornblower Group, a provider of water-based dining, sightseeing, private charter and transportation experiences servicing various ports and water bodies, completed the acquisition of Journey Beyond, an operator of tourism business based in Marleston, Australia, from Quadrant Private Equity, an Australian private equity investment firm, for $434m. "In our continued efforts to position Hornblower as a global leader in experiences and transportation, we are always exploring growth opportunities that will help expand our guest offerings and leverage our core capabilities of operating world-class customer experiences. Aa two organizations with unmatched expertise in the experiential travel space, Journey Beyond aligns perfectly within our business strategy and core mission of creating amazing experiences for our guests. We look forward to growing the rich and unmatched business operations the Journey Beyond team has built as the premiere experiential travel company in Australia," Kevin Rabbitt, Hornblower CEO.

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