Virgin Voyages Announces $550 Million in Funding Led by Ares Management to Further Accelerate Growth
MIAMI, Sept. 8, 2023 /PRNewswire/ -- Virgin Voyages (the "Company"), the multi, award-winning cruise brand from Richard Branson's Virgin Group, today announced it has closed on a $550 million capital raise to accelerate its growth plans. The funding round was led by funds managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, and also includes additional capital from existing investors including Virgin Group and Bain Capital. The new funding raise will enable Virgin Voyages to strengthen its financial position while supporting the brand's rapid expansion into international markets, with a relentless focus on creating an outstanding and innovative customer experience.
- MIAMI, Sept. 8, 2023 /PRNewswire/ -- Virgin Voyages (the "Company"), the multi, award-winning cruise brand from Richard Branson's Virgin Group, today announced it has closed on a $550 million capital raise to accelerate its growth plans.
- The funding round was led by funds managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, and also includes additional capital from existing investors including Virgin Group and Bain Capital.
- Virgin Voyages announced it has closed on a $550 million capital raise to accelerate its growth plans.
- Goldman Sachs & Co. LLC served as exclusive financial advisor and sole placement agent to Virgin Voyages.