GCA Altium advises management on the sale of Travelopia by TUI
Travelopia, headquartered in the UK, provides customers with unique experiences, such as sailing adventures, tailor-made holidays, sports tours, school expeditions, private jet travel and polar expedition cruises. Travelopia has a large, international customer base of over 800,000 travellers each year and serves over 70 destinations globally through its 53 brands.
Will Waggott, CEO of Travelopia, said: “KKR’s experience in the sector, global reach and digital expertise make it the perfect partner for Travelopia as we continue to grow. The team at GCA Altium were excellent, providing us with first class support and guidance through the sale process. Their travel sector expertise and extensive transaction experience were invaluable and enabled the management team to secure an excellent outcome.”
Christopher Jones, Managing Director at GCA Altium, added: “It has been a pleasure to advise Will and the Travelopia team on this landmark transaction. Travelopia is one of the largest specialist travel companies in the world with a leading position in the growing activity/experiential travel niche. In KKR, management have found a partner that shares their ambition for the business and we have little doubt that the business will continue to thrive under their ownership.”
This transaction adds to GCA Altium’s extensive track record in the travel sector, having recently advised the management shareholders of Cruise.co.uk on the sale to Bridgepoint, Livingbridge on its acquisition of Direct Ferries, Hotelplan on its acquisition of Explore Worldwide, Golfbreaks.com on the sale of Teeofftimes.co.uk and Inflexion on its acquisition of Scott Dunn.