December 3, 2015
Consumer, Retail, E-commerce and Leisure
GCA Altium advises Hotelplan UK on its acquisition of Explore Worldwide
GCA Altium has advised Hotelplan UK on its acquisition of Explore Worldwide and Regaldive from their parent company Holidaybreak Group, a subsidiary of Cox & Kings.
Explore has operated small group adventure holidays since 1981, with currently over 500 tours available across 120 countries on all seven continents. A highly experienced team in their Farnborough head office, award winning Tour Leaders, and a passionate commitment to responsible travel are the hallmarks of the company, which has been part of the Cox & Kings owned Holidaybreak Group since 2000.
Regaldive was founded in 1988 and is one of the UK’s leading specialist diving tour operators. The company is based in Ely and offers both liveaboard and resort based holidays for beginners and experienced divers to Europe, the Red Sea, the Caribbean, Indian Ocean and Far East.
At Hotelplan UK, the two companies join the Group’s existing portfolio of activity and experience holiday companies, which includes Inghams, family skiing market leader Esprit Holidays, chalet specialist Ski Total, Santa’s Lapland short breaks, and self-guided walking and cycling experts, Inntravel.
Hotelplan UK’s CEO, Andy Perrin, commented: “We are thrilled to welcome two such highly respected companies to our existing family of specialist travel brands. Hotelplan UK has a strong tradition of excellence and high standards of quality and service, so as successful, growing businesses with tremendous customer loyalty and highly experienced teams with incredibly deep product expertise, both Explore and Regaldive fit perfectly with the overall philosophy, direction and ambition of the Hotelplan Group. GCA Altium provided us with valuable support and advice, and in Christopher Jones have one of the most insightful advisors we have met in the travel and leisure sector.”
Christopher Jones, Managing Director at GCA Altium, said: “It has been a pleasure to work with the Hotelplan team on this transaction. Explore and Regaldive enjoy an excellent fit with Hotelplan’s existing brands and this transaction is an exciting strategic development for the Group, providing it with significant additional scale in the fast growing small group adventure tours sector.”