Madison Street Capital Arranges Credit Facility For Destination Southern Africa, Inc.
Chicago/ Tucson — (December – 2014) — Madison Street Capital (“MSC”) acted as the exclusive financial advisor in arranging a credit facility for its client, Destination Southern Africa, Inc. (“DSA”). The transaction was announced today by Charles Botchway, CEO of MSC; the credit facility was provided by Funding Circle Partners, LP (“FC”.). The terms of the deal were not disclosed.
“The global tourism industry has many players, however, DSA has set itself apart over the years and has been recognized by South African Tourism twice in the past four years for their outstanding service,” said Charles Botchway, CEO of Madison Street Capital. “We are very pleased to have been able to assist Mr. von Guilleaume and DSA in securing this credit facility.”
As one of three US based tour operators tapped by FIFA in 2009 to develop and provide travel packages for soccer fans visiting South Africa for the 2010 FIFA World Cup, Destination Southern Africa was awarded the highly coveted Ubuntu Award by South African Tourism. They won the award again in 2012 for offering “Best Value for Money Packages” to South Africa.
“At DSA, we pride ourselves on our local knowledge of Africa and our ability to get the very best prices from our extensive network of direct suppliers,” said Terry von Guilleaume, CEO of Destination Southern Africa. “Combined with our unique consultant knowledge, and access to a large variety of tours, hotels, lodges, flights and transport, DSA is geared to achieve our goal of ensuring you have a better African vacation than you ever imagined!”
Since 2011, DSA has operated South African Airway’s highly regarded vacation program, South African Airways Vacations, and uses the airline’s established route network to create a wide variety of affordable luxury packages throughout South Africa, Botswana, Victoria Falls, Namibia, Mozambique, Zambia, Zimbabwe, Kenya, Tanzania, and the Indian Ocean Islands.
About Destination Southern Africa:
DSA Vacations (formerly Destination Southern Africa) was established in 2001 by Terry von Guilleaume – A South African now living in the United States. DSA specializes in tailor made vacations to both Southern and Eastern Africa and are headquartered in Tucson, Arizona with satellite offices in California, Washington and North Carolina. DSA’s partner company in South Africa is Tour de Afrique, one of the most respected ground handlers for Southern and Eastern Africa. The partnership between two such great companies affords the visitor to Africa a one stop shop when it comes to traveling and exploring this magnificent continent. www.dsavacations.com.
About Madison Street Capital:
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website atwww.madisonstreetcapital.com.