New Boathouse Capital has advised Virgin Holidays, the UK Tour Operator and market leader to the US and Caribbean markets, on its acquisition of Fast Track Holidays, a specialist cruise operator, for an undisclosed amount.  As a result of the acquisition, Virgin Holidays hopes to claim at least 10 per cent. of the UK cruise market over the next 24 months, offering cruises in all Virgin Atlantic serviced long-haul destinations, as well as options from UK ports and the Mediterranean.

Under the terms of the transaction, existing members of the Fast Track management team will continue to work with the company as part of the Virgin Holidays group.

ENDS

Notes to Editors

New Boathouse Capital has built its business on providing strategic advice to a core clientele of private owner-managed companies across a broad range of sectors, with a focus on long-term relationships. It was co-founded in 2000 by Peter Norris, and became a wholly owned subsidiary of independent merchant bank, Quayle Munro Holdings PLC, in July 2007 at which time Peter became CEO of the enlarged Group.

New Boathouse Capital advises on mergers and acquisitions, debt and equity financings, corporate restructurings and business strategy.  Its clients are generally privately-owned companies, often led by founder-entrepreneurs, ranging in size from start-ups to large trans-national corporations.  New Boathouse Capital has recently acted on transactions for the Virgin Group,  Target Entertainment and Trainline.  It is based in London.

New Boathouse Capital is Authorised and Regulated by the Financial Services Authority.

For further information please go to www.newboathouse.co.uk and www.quayle.co.uk