LONDON, April 8, 2025 — H.I.G. Bayside Capital Europe (“Bayside”), the European credit affiliate of H.I.G. Capital (“H.I.G.”), a prominent global alternative investment firm managing $68 billion in capital, is pleased to announce it has financed Riviera Travel (“Riviera” or the “Company”), an award-winning global travel company specializing in guided tours, cruises, and holidays for solo travelers, backed by Silverfleet Capital (“Silverfleet”). Bayside and Triton Debt Opportunities (“Triton”) are providing the new five-year, £125 million unitranche term loan.

Based in the United Kingdom, Riviera has been creating travel experiences for over 40 years. The company focuses on the over-60s demographic and has established a strong reputation for quality, value, and excellent customer service. Riviera offers around 170 unique tour and cruise itineraries across more than 45 countries.

The new five-year facility refinances the existing term loan and establishes a strong base for Riviera’s management team, under the leadership of CEO Phil Hullah, to continue the significant growth achieved since Silverfleet’s acquisition of the Company.

David Whatley, Chief Financial Officer of Riviera, stated: “We are excited to be partnering with Bayside and Triton for this next growth phase. This partnership will allow us to keep investing in our business to improve the customer experience, develop and refine our itineraries, and implement our strategic growth plans.”

Mathilde Malezieux, Managing Director at Bayside, commented: “Riviera has been a remarkable success story, delivering strong, sustainable growth in an attractive market. Bayside’s capital solutions loan refinances Riviera’s existing debt and offers a flexible capital structure to support the company’s continued growth. We anticipate collaborating with the Riviera team on the next stage of their growth.”

About Bayside Capital

Bayside Capital is the special situations investment arm of H.I.G. Capital. Focusing on middle-market businesses, Bayside invests across various segments of the primary and secondary debt capital markets, emphasizing long-term returns. With eight offices in the U.S. and Europe and over 500 investment professionals, Bayside possesses the necessary experience, resources, and flexibility to produce superior risk-adjusted returns. For further details, please visit the Bayside website at .

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $68 billion of capital under management.* Headquartered in Miami, with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, and international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing debt and equity capital to mid-sized companies, employing a flexible and operationally focused/value-added approach:

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable and underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing for companies of all sizes, through both direct origination and in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.’s real estate funds invest in value-added properties that can benefit from improved asset management.
• H.I.G. Infrastructure focuses on making value-add and core plus investments within the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed over 400 companies globally. The Firm’s current portfolio comprises more than 100 companies with combined sales exceeding $53 billion. More information is available on the H.I.G. website at .

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts:

Duncan Priston
Co-Head of Bayside Europe

Andrew Scotland
Co-Head of Bayside Europe

H.I.G. Capital
10 Grosvenor Street
2^nd Floor
London W1K 4QB
United Kingdom
P: +44 (0) 207 318 5700
 

 

SOURCE H.I.G. Capital

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