Vitruvian's JacTravel acquires TotalStay

Following the deal, the enlarged entity will have a combined turnover of £360m, as well as contracts with 14,000 hotels in 800 cities around the world.

Vitruvian acquired JacTravel from previous backers Bowmark Capital in June 2014 for £80m.

Company
Established in 1999 and headquartered in London, TotalStay employs 240 people. It generated a £160m turnover in 2014.

The company trades under the Exclusively Hotels brand, which provides travel agents with a booking website as well as technology platforms for tour operators. It also operates Hotel Pronto, which offers booking services for consumers.

People
Terry Williamson is CEO of JacTravel. Peter Clements is CEO of TotalStay. Ben Johnson is a partner at Vitruvian.

Advisers
Company – New World Corporate Finance (Corporate finance); Fladgate (Legal); Harris & Trotter (Financial due diligence).
Equity – Livingstone Partners (Corporate finance); BDO (Financial due diligence); Reed Smith (Legal); CG Consultancy (IT due diligence); SJackson Consultancy (Commercial due diligence); Elman Wall Bennett (Tax).

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• Topics
• Expansion
• UK / Ireland
• Vitruvian Partners