Wed, 28 May 2014 | BUSINESS SALE
Independent private equity group Vitruvian Partners has acquired JacTravel Group for £80 million.
The London-based travel company was purchased from private equity firm Bowmark Capital, which bought the firm back in August 2007. JacTravel reportedly hopes to double its turnover to around £330 million by 2017 as a result of the deal.
The B2B wholesaler and inbound operator partners with more than 12,500 independent and chain hotels in 800 cities globally, and processes around one million bookings a year. It operates from 10 offices worldwide and employs 220 staff.
The acquisition marks Vitruvian's first travel investment. The company has said that it will be looking to further JacTravel’s growth into new global markets and increase investment into its technology infrastructure.
Terry Williamson, chief executive of JacTravel, said that the company had “outgrown” its previous owners and that under the new ownership he was confident the firm would greatly accelerate its growth.
He added: “With Bowmark’s support, JacTravel has achieved fantastic growth over the last seven years. Having established the company as a global player, we are now excited to be partnering with Vitruvian to continue the International expansion program, where further investment will enable us to deliver a number of our key strategic goals in providing market leading technology driven solutions for our international hotel partners and our global customer base.”
______________________________________________________________________
Related information:
Businesses for sale
Business acquisition funding
Utilities Company providing two primary services; utility and telegraph pole replacement and installation. Along with an overhead and underground cabling division.
Anderson Shaw are pleased to be able to offer for sale a bespoke UK based tour operator, with full ATOL protection, which offers luxury five star holidays to high and ultra-high net worth individuals and their families.
LEASEHOLD
Established for over 20 years, this successful family run business operates in the Insulated Glass Units sector (IGUs).
08
|
Nov
|
West End attraction behind Glasgow solicitors deal | BUSINESS SALE
Solicitors Macdonald Henderson has acquired Glasgow counterp...
08
|
Nov
|
Pre-pack deal saves over 30 jobs at Grimsby fish firm | BUSINESS SALE
A Grimsby-based seafood wholesaler has been bought out of ad...
08
|
Nov
|
LendingMetrics eyes M&A following LDC investment | BUSINESS NEWS
Credit risk technology group LendingMetrics is on the hunt f...
07
|
Jan
|
Aston Lark Acquires Corporate Healthcare Specialist | BUSINESS SALE
Insurance broker Aston Lark has acquired Leicestershire-base...
06
|
Sep
|
Strategic review could lead to £400m sale of lettings agency | BUSINESS SALE
Bowmark Capital, the private equity owner of Leaders Romans ...
09
|
Oct
|
£300m asking price for last big UK TV producer Tinopolis | BUSINESS SALE
The starting gun has been fired for the race to buy Tinopoli...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.