Ares Management led a $550m investment in Virgin Voyages.

Transaction Tags

• travel company
• tourism services
• United States
• leisure facilities
• Recreational Services
• Acquisition
• Minority
• Private
• Completed
• Single Bidder
• Cross Border
• Private Equity
• Venture Capital
• Friendly

Synopsis

Ares Management, a private equity firm, led a $550m investment in Virgin Voyages, a cruise line, with participation from Virgin Group and Bain Capital. "The success of this capital raise shows how much Virgin Voyages has achieved and how much further it can go. We are very proud of the experience that Virgin Voyages has created and continues to deliver every day across its fleet. At Virgin, we have always aimed to create extraordinary experiences and challenge the status quo while putting purpose at the core of everything we do. With Tom at the helm, Virgin Voyages has established itself as a company that can do that consistently. We are so grateful for his and the team's leadership in creating a truly brilliant business and look forward to this next phase of the Company's growth," Josh Bayliss, Virgin Group CEO.

Sources