London (UK), 8 April 2025
Triton Debt Opportunities III, alongside H.I.G. Bayside Capital Europe, has provided a new five-year £125 million unitranche term loan. The new debt will be used to refinance existing debt and help the company build on its impressive growth.
Riviera is headquartered in the UK and has been curating travel experiences for over 40 years. The company focuses on the over-60s market and has built an excellent reputation for quality, value for money and exceptional customer service. Riviera offers approximately 170 unique itineraries for tours and cruises, spanning over 45 countries globally.
TDO invests in the credit of mid-market European companies, primarily in the same key sectors as Triton’s private equity funds. TDO focuses on investments in senior secured debt of companies via the secondary market, as well as providing primary and asset-backed lending on an opportunistic basis.
Chrysanth Herr, Partner, Triton Debt Opportunities, said: “Triton is excited to partner with Riviera on this transaction. We were impressed by Riviera’s performance, strong bookings, and loyal customer base that is a testament to the quality of the business. We look forward to working together with the Riviera team to drive the continued growth of the business.” For the refinancing transaction, Riviera was advised by AlixPartners, Travels Smith, and PwC. TDO was advised by Proskauer Rose.