Mobeus backs Distant Journeys
HMT advised Mobeus on their £15.2m investment to support the MBO of Distant Journeys, a leading provider of long-haul escorted tours.
Established in 2014 by Richard Hanson, Andrew Laycock, and Simon Whittle, Distant Journeys has rapidly developed a reputation for creating unforgettable travel experiences. The company’s dedication to excellence has not only won it numerous awards but also enabled expansion beyond its core offerings in Australia and New Zealand to new destinations like India, Japan, and Sri Lanka. Known for their meticulous attention to detail and emphasis on superior customer service, their tours are designed to be leisurely and thorough, appealing to those seeking immersive travel experiences.
With the new funding, Distant Journeys plans to enhance its offerings in established markets and aims to extend its reach with expansion into new destinations. Operational improvements are also on the agenda, with investments earmarked for upgrading sales and customer engagement systems.
HMT undertook due diligence on this transaction.
Chris Price, Partner at Mobeus commented:
“The HMT team provided real value add to our assessment of Distant Journeys. As a fund that is always the first institutional investor into our portfolio companies we need advisors who are prepared to get their hands dirty to help us to assess what is really going on in the businesses we look at. Paul, Corin and Jack played a key role in helping us to get this investment completed.”
Paul Read commented:
“We are delighted to have advised Mobeus on their investment in Distant Journeys. With Mobeus’ support, the business will be able to reach their ambitious growth plans. We look forward to working with them again in the future.”
Why HMT
Passionate
We are passionate about delivering an optimal outcome for our clients and helping them achieve their personal objectives. We understand entrepreneurial businesses because we are one
Our Deals
Personal
Partners are supported by high-calibre professional staff who share our core values of enthusiasm, energy, entrepreneurialism and empathy to our client’s objectives
Our Team
Proven
Our Partners have unparalleled deal experience in the mid-market and are supported by a team of dedicated deal-doers with specialist capabilities and experience
Our Awards
Connected
We have an extensive network of acquisitive corporates, institutional investors and debt providers both in the UK and internationally through our membership of our global network ICFG
Our NetworkLatest News