Adventure Tour Operator | Customer Loyalty Capitalization | EV $22MM

Industry: Travel & Leisure

Enterprise Value: $22MM

Approach: Customer Loyalty Capitalization

Description: Pre-sold VIP packages to loyal clients to generate initial working capital, then closed the acquisition using NDFC-structured advance credit guarantees.

Uniqueness: Monetized customer enthusiasm into closing capital, proof that goodwill is more than just accounting.