Golfbreaks.com stays on course with £3.3m raise

“The support of David and his team at Memery Crystal has been invaluable. We are incredibly pleased with the outcome of our second corporate mini-bond” commented CEO, Andrew Stanley.

Partner David Walker commented: “We are delighted to have assisted Golfbreaks.com again with the development and issue of its Golfbreaks Bond 2 offer, raising £3.3 million. The proceeds of the Golfbreaks Bond 2 issue will be an important tool in financing Golfbreaks.com’s future growth and expansion into UK and international markets.”

The Memery Crystal team was led by corporate partner David Walker and included corporate trainee Alienor Littaye.

Editor’s Notes:

Golfbreaks.com was formed in 1998 by Chief Executive Andrew Stanley with the objective of saving golfers time and money when organising their golf travel.

Golfbreaks Bond 2 will be used to make further international investment across:

• Golfbreaks’ US Business – Having established a transatlantic service, taking UK golfers to the US and vice versa, Golfbreaks is now looking to capture a share of the US domestic market. With marketing access to millions of golfers in the US, Golfbreaks see this as a significant growth opportunity.
• Golfbreaks’ Scandinavian Business – With their Copenhagen office now established, Golfbreaks are looking to offer more short and long stay trips for these golfers, with increased marketing support.
• Golfbreaks’ UK Business – Golfbreaks are aiming to continue their growth by enhancing and promoting their new Xclusive Golf collection and the recruitment of more people to build the systems, partnerships and destinations that they provide to their British golfers.
• Technology – Golfbreaks aims to continue to invest in their technological infrastructure; ensuring that Golfbreaks has the management information and robustness needed to run their business effectively.

Memery Crystal have previously advised a number of other UK companies on the issue of corporate mini‑bonds, including Harlequin FC, Innis & Gunn, Lancashire County Cricket Club, Caxton FX, Hotel Chocolat, Surrey County Cricket Club, The Jockey Club and Wellesley Finance.