Riviera Travel Secures £125M Refinancing with Bayside and Triton
Deal News | Mar 26, 2025 | Travers Smith
Travers Smith LLP has successfully advised Riviera Travel, supported by Silverfleet Capital, on the strategic refinancing of its debt facilities to a substantial sum of £125 million. This new five-year unitranche facility is provided by H.I.G. Bayside Capital and Triton Debt Investors, further setting the stage for Riviera’s continued growth. Riviera Travel, a renowned UK-based global travel company, is recognized for offering premium travel experiences to the over 60s demographic. Since its acquisition by Silverfleet, Riviera Travel has experienced impressive growth, with the latest refinancing deal enabling the continuation of this upward trajectory. The Travers Smith team, led by Finance Partner Will Sheridan, played a pivotal role in facilitating this financial arrangement.
Sectors
- Travel and Tourism
- Financial Services
- Private Equity
Geography
- United Kingdom – Riviera Travel is headquartered in the UK, and Travers Smith, the advisors in the refinancing, are also based there.
Industry
- Travel and Tourism – Riviera Travel operates within the travel and tourism industry, offering escorted tours, cruises, and solo holidays globally.
- Financial Services – The refinancing involves debt facilities and financial institutions, making financial services a key component of the transaction.
- Private Equity – Silverfleet Capital, an investment firm, backs Riviera Travel, indicating the involvement of private equity in the transaction.
Financials
- £125 million – The total amount of the new five-year unitranche facility secured by Riviera Travel for refinancing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Riviera Travel | Target | Company | Riviera Travel is a global travel brand focusing on escorted tours, cruises, and solo holidays, especially for the over 60s market. |
| Silverfleet Capital | Backer | Company | Silverfleet Capital is a private equity firm backing Riviera Travel. |
| H.I.G. Bayside Capital | Debt Provider | Company | Bayside Capital is a provider of the debt facilities in the refinancing deal. |
| Triton Debt Investors | Debt Provider | Company | Triton Debt Investors is also involved in providing the debt facilities for the refinancing. |
| Travers Smith LLP | Legal Advisor | Company | Travers Smith LLP is the law firm advising Riviera Travel on the refinance. |
| Will Sheridan | Finance Partner leading the deal | Person | Will Sheridan is a Finance Partner at Travers Smith who led the advisory team on the refinancing. |
| Fiona Swords | Senior Counsel | Person | Fiona Swords is a Senior Counsel at Travers Smith, supporting the refinancing deal. |
| Amy Taggart | Associate | Person | Amy Taggart is an Associate at Travers Smith, part of the team advising on the refinance. |