Memery Crystal swings into action with second Golfbreaks mini-bond

“The support of David and his team at Memery Crystal has been invaluable. We are very excited about the future development of Golfbreaks.com” 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, which will be an important tool in financing its further growth and expansion into UK and international markets. Having worked on more retail corporate mini-bonds than any other UK law firm, we are excited about the benefits they have brought to many companies and organisations across a wide range of sectors, and that they are continuing to gain in popularity.”

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, Lancashire County Cricket Club, Caxton FX, Hotel Chocolat, Surrey County Cricket Club, The Jockey Club and Wellesley Finance.

Memery Crystal is a recognised leader for its corporate finance work, covering M&A, private equity and IPO/fundraising for UK and international companies.  The firm has been highly ranked for its excellence in handling M&A and IPO deals by both Chambers UK and The Legal 500, acting for public and private companies as well as for their nominated advisers and brokers.