Project Description

START

Journey Beyond was born out of Allegro’s majority sale of Great Southern Rail (GSR) to Quadrant PE in October 2016.

GSR was the platform asset of Journey Beyond with the GSR management team being appointed to run the broader group.

Through the sale to Quadrant, Allegro retained a minority stake in Journey Beyond.

TRANSFORMATION

Over the next 5 years, Journey Beyond was transformed into Australia’s leading experiential tourism business. Continuing to be ran out of its head office in Adelaide, Journey Beyond added a number of leading Australian tourism businesses to the portfolio including Outback Spirit Tours, Horizontal Falls Seaplanes, Cruise Whitsundays, Rottnest Express and Eureka Skydeck. This created one of Australia’s largest tourism businesses providing customers with premium, interconnected journeys across Australia.

THE RESULT

In February 2022, Journey Beyond was sold to the American travel and tourism group, Hornblower. This resulted in a 100% sale for shareholders including Allegro.