Luxury operator Simpson Travel is planning to expand its portfolio following new investment from Risk Capital Partners, in a deal backed by Shawbrook Bank.
Founded in 2002, Simpson Travel is a family-owned business that offers upmarket villas and boutique hotels in the Mediterranean.
Private equity firm Risk Capital Partners announced in March that it had taken an undisclosed stake in Simpson Travel.
The new funding will help Simpson to expand capacity across its existing Mediterranean programme and “unlock” new destinations for growth.
Graham Simpson (pictured left), the founder of the business, will be stepping away from the company. However, his children, Mathew, Daniel and Hannah Simpson, will remain as part of the management team.
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Ed Pyke (pictured right), managing director at Simpson Travel, said: “We are keen to expand our holiday destinations and this new funding will allow us to accelerate our mission and to cater to a growing customer base.
“The team at Shawbrook understood our objectives and structured a flexible solution that supports both our sponsors, Risk Capital, and ourselves in the long-term.”
Jon Jenkins, partner at Risk Capital Partners, added: “This deal marks a significant step in the growth journey of Simpson Travel, a fantastic business which provides high-quality travel and accommodation services.
“The management team at Simpson has a great blend of outside expertise and a family-owned heritage; we are delighted to be able to support them as they continue to grow and expand.”
Ciaran Flanagan, financial sponsors director at Shawbrook, commented: “Simpson Travel is an exciting business and an industry leader in their field of luxury travel; we look forward to watching them further grow the enterprise with the assistance of Risk Capital Partners and this new line of funding.”
Risk Capital Partners was introduced to Shawbrook through BDO Debt Advisory which has a long-standing relationship with the funder, having collaborated on numerous deals together.