Saturday, November 9, 2024

Simpson Travel poised for expansion with new funding from Shawbrook – The Intermediary – Latest UK mortgage news

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Luxury holiday provider, Simpson Travel, has been supported with new investment from Risk Capital Partners, in a deal backed by Shawbrook Bank.

Founded in 2002, Simpson Travel is a family-owned luxury holiday business that offers a range of high quality villas and boutique hotels in the Mediterranean.

Private equity house, Risk Capital Partners, is providing new funding to help Simpson Travel  embark on a growth initiative, and they chose Shawbrook as its debt partner for the deal. 

Graham Simpson, 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.

Risk Capital Partners was introduced to Shawbrook through BDO Debt Advisory who hold a long-standing relationship with the funder, having collaborated on numerous deals together. 

Shawbrook were chosen as debt partners due to the lender’s agility in structuring a flexible funding package which met the immediate and longer-term needs of both Risk Capital and Simpson.

Ed Pyke, MD at Simpson Travel, said: “At Simpson Travel, we believe in delivering the best quality accommodation and excellent service for our customers.

“We are also 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.

“We would like to thank Shawbrook for their support and look forward to working with them closely in the future.”

Ciaran Flanagan, Director, Financial Sponsors at Shawbrook, concluded: “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. 

“I would like to extend our gratitude to BDO, with whom we have collaborated with in the past, for introducing us to the deal, our legal advisors, Norton Rose Fulbright and the fantastic management team at Simpson who were a pleasure to work with from start to finish.”

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