Distant Journeys

Investment highlights

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.

Key facts

Investment size

£15.2m

Sector

Consumer & Healthcare

Fund

Mobeus V

Deal type

Management buyout

“Mobeus have been long standing investors in the travel industry with past and present investments including Iglu, Active Travel Group and bonding provider AUG. When we met them it was clear they quickly understood what made Distant Journeys special and immediately focused on how to support our growth aspirations and help us to maximise our vision for the business.”
Simon Whittle
Distant Journeys Managing Director

The team

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