Awayday Secures Warburg Pincus Investment, Ares and LightBay Stay Majority Owners

PR Newswire··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Awayday, a leading vacation rental management company, announced it has closed a significant investment from Warburg Pincus, made through the Warburg Pincus Capital Solutions Founders Fund. The Company's majority owners, an Ares Private Equity fund and LightBay Capital, will remain the controlling shareholders, and terms of the investment were not disclosed. Awayday manages more than 18,000 properties across the United States through a portfolio of local brands, supported by more than 1,800 team members. Proceeds from the investment will be used to return capital to existing equity investors, including Ares, LightBay, and its rollover equity partners, and to deliver proceeds to the leading local operators and supporting team members who have driven the Company's growth through its field-first model. Warburg Pincus Capital Solutions Founders Fund closed in September 2024 with over $4 billion in commitments, and Warburg Pincus has more than $105 billion in assets under management.

Impact on assets 1

Financials▲
Ares Management LP
ARES
▲ PositiveCapitalrelevance

Ares remains majority owner and will receive returned capital from the Warburg Pincus investment proceeds.

Off-coverage companies 4

Awaydayi
Private▲ PositiveCapitalrelevance

Awayday closes a significant investment from Warburg Pincus, returning capital to existing equity investors.

Warburg Pincusi
Private▲ PositiveCapitalrelevance

Warburg Pincus makes a significant investment in Awayday through its Capital Solutions Founders Fund.

Warburg Pincus Capital Solutions Founders Fundi
Private▲ PositiveCapitalrelevance

The Warburg Pincus Capital Solutions Founders Fund is the vehicle making the significant investment in Awayday.

LightBay Capitali
Private▲ PositiveCapitalrelevance

LightBay Capital remains a majority owner and will receive returned capital from the investment proceeds.