Consumer

Virgin Experience Days / Equistone

Client
Year

2022


Transaction type Debt Advisory

Sector Consumer

“Many thanks for all the support on the acquisition of Virgin Experience Days. The debt was not as simple as portrayed to us and Cavendish did a great job of navigating us through it all.”

RICHARD BRIAULT
INVESTMENT DIRECTOR, EQUISTONE

Cavendish Debt Advisory advises Equistone Partners Europe in raising debt financing to facilitate the acquisition of a majority stake in Virgin Experience Days, a leading provider of experience gifts, with acquisition funding and working capital facilities provided by Cordet and HSBC respectively.

Virgin Experience Days is a leading provider of curated experiences, inspiring gift ideas for customers across the UK and US. Over a million experiences were sold to both consumers and c.1,000 corporate clients last year. The company offers an extensive range of 5,000 experiences, from skydiving to luxury breaks, derived from its network of longstanding relationships with suppliers including Fortnum & Mason, Red Bull Racing and Bletchley Park.

Alistair Hay, Partner & Head of Cavendish Debt Advisory:

“We were grateful for the opportunity to work with Equistone on its acquisition of Virgin Experience Days and impressed by the work put in by Cordet and HSBC to provide a funding package that will allow the business to continue developing its platform as well as expand into the US.”

Meet the deal team

  • Alistair Hay

    Alistair Hay

    Partner


    ahay@cavendish.com

    +44 (0) 20 7908 6037

  • Krishan Raval

    Krishan Raval

    Director


    kraval@cavendish.com

    +44 (0) 20 3772 4706

  • Rosie Pennell

    Rosie Pennell

    Senior Associate


    rpennell@cavendish.com

    +44 (0) 20 3772 4702

  • Peter McCague

    Peter McCague

    Senior Associate


    pmccague@cavendish.com

    +44 (0) 20 3772 4681

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