Leisure Travel Company
Industry:Leisure & Service
Service:Mergers & Acquisitions
Company:One of the nation’s largest leisure travel companies with revenues exceeding $200 million
The company was experiencing acute financial difficulties and in danger of collapse. On-line and off-line reservations had been trending down, and the business had been unable to right-size its operating cost structure.
Focus was engaged to undertake a situation analysis of one of the nation's largest travel companies and determine the optimum solution for all parties involved.
Following an in-depth review of the business, Focus Professionals determined that a sale to a strategic player in the industry provided the best way forward for all parties. At the Company’s request, Focus identified an acquisition candidate in the form of a profitable Company in the travel industry that would be able to reap synergistic benefits. We then introduced a private equity group to the transaction.
Focus Professionals led the successful structuring of the acquisition of the failing Company by the profitable strategic buyer, including the introduction of $16 million in new equity from the private equity group and the arranging of a $50 million debt facility with a new bank group.