The Business
Distant Journeys specialises in proprietary escorted tours for older travellers seeking long-haul, memorable excursions. The business currently focuses exclusively on UK consumers, with a product offering to a range of destinations across Australasia, Asia, Southern Africa and North America.
The Deal
Mobeus invested £15.2m as a combined debt and equity package as part of a buyout of founder shareholders. MD Simon Whittle remained with the business to lead these growth initiatives, and Mobeus introduced several key executives to join the established senior management team. Richard Bowden-Doyle joined as Chairman, bringing a wealth of experience from his tenure at industry giants such as Thomson Holidays, Thomas Cook, and Lastminute.com, along with leadership roles at Saga Travel Group, Titan Travel UK, and Neilson Active Holidays.
The Plan
Distant Journeys has delivered strong growth post COVID and the plan is to build on this momentum, launching new itineraries in existing destinations whilst expanding into new destinations. Operational improvements are also on the agenda, with investments earmarked for upgrading sales and customer engagement systems.
