Announced
Completed
Financials
Tags
Domestic
travel company
Friendly
Private Equity
tourism services
United States
Acquisition
Completed
leisure facilities
Private
Recreational Services
Minority
Synopsis
BlackRock, an American global investment management corporation, led a $550m funding round in Virgin Voyages, an operator of a leisure, travel and tourism company, with participation from Bain Capital and Virgin Group. The new funding will enable Virgin Voyages to continue the execution of its growth strategy and further strengthen its financial position as cruise demand continues to gain momentum. “We have created an incredible product that both our investors and consumers truly believe in, and this additional capital comes at a time when we’re looking forward to exponential growth that will, in turn, help us achieve what we set out to accomplish," Tom McAlpin, Virgin Voyages CEO.
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