The Consumer sector team at Livingstone has advised JacTravel, a leading B2B hotel accommodation wholesaler and provider of inbound travel services, on the acquisition of TotalStay Group.
The transaction was supported by Vitruvian Partners, JacTravel’s existing institutional shareholder.
The enlarged group will benefit from greater scale in the accommodation market, achieving an annual combined turnover significantly in excess of £360 million, and direct contractual relationships with over 14,000 independent and chain hotel partners in 800 cities globally. Greater scale is expected to accelerate growth in both companies, which have been growing at around 20% per annum in recent years.
Terry Williamson, CEO of JacTravel, says: “TotalStay is an exceptional business that we have long known and respected, whose growth since inception is testament to the talent and hard work of its management team and to the underlying attractions of the wholesale accommodation market globally.
“I worked with the Livingstone team last year on the JacTravel buy-out, and I was once again delighted with the hands-on support and exceptional diligence and understanding shown throughout the process as well as the expertise and advice that their team provided on this deal.”
Simon Cope-Thompson, Partner at Livingstone, says: “We are delighted to have had the opportunity to work with both JacTravel and Vitruvian on this exciting deal. Having known both companies for a number of years, we believe that there is an excellent fit and that the combined group is well positioned to continue to achieve strong growth in the coming years.”
