Riviera Travel has announced an investment by Phoenix Equity Partners, a UK middle-market private equity firm.

Michael Wright, the operator's founder, said: "I am delighted to welcome Phoenix as a new investor in Riviera. Phoenix is very experienced at partnering with founder-owned businesses. Together we shall continue to focus on providing exceptional service for our loyal customers, developing our success portfolio of tours and river cruises and creating opportunities in the business for staff at all levels."

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