Resorthoppa Group Ltd (United Kingdom) - Oct 2007

Close Ventures has invested £2.1m in travel business Resorthoppa Group Ltd to purchase a minority stake in the business from existing shareholders. Close sourced the deal through its network of contacts within the travel industry and was attracted to the strong track record of the management team and the unique service offering, which is well positioned to capitalise on the shift in consumption patterns from standard package holidays to more dynamic holidays. The investors are intending to continue to grow the company organically.

Company

Resorthoppa was established in 2004 to exploit the change in behaviour in the travel industry caused by the growth of low cost airlines and bed brokers and the resulting increase in holidays being booked independently of package operators. The company, based in Birmingham, provides both low cost shuttle transfers and private transfers for customers from 350 airports, seaports and train stations to hotels and resorts around the world. The company has experienced significant growth since its inception and currently employs 66 staff across locations in the UK, Spain and Germany.

People

Michael Kaplan led the transaction for Close Ventures and will join the Resorthoppa board. Patricia Rossello represented the company.

Advisers

Equity - Berwin Leighton Paisner, Ian Ivory (Legal)Equity - CLB Littlejohn Frazer, Mark Ling (Accounting)

Sourced from: unquote unquote" 356 (Nov 2007)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Expansion
• Consumer
• United Kingdom