WARBURG PINCUS invests in AWAYDAY
Context
Warburg Pincus made a minority investment in Awayday, the Destin, Florida-based vacation rental management company, through its Capital Solutions Founders Fund. An Ares Private Equity fund and LightBay Capital remained the majority shareholders and kept control of the business after the transaction. The proceeds were to be returned to Awayday’s existing equity investors, including Ares, LightBay and its rollover equity partners, and distributed to the local operators and team members who had taken equity as their businesses joined the group. Lee Becker, managing director, and Claire Branch, principal, led the investment for Warburg Pincus.
AWAYDAY, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).
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Target
Awayday manages vacation rental properties on behalf of their owners, handling bookings, pricing, marketing, guest communication, cleaning and maintenance in return for a share of the rental income. It operates through a portfolio of local rental management companies that keep their own names and teams in their markets, while sharing the group’s booking technology, revenue management and marketing. Its properties are holiday homes and condominiums in US leisure destinations, rented to holidaymakers, and the company is headquartered in Destin, Florida.
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REFERENCES
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: awayday
Acquirer: warburg pincus