GCA becomes part of Houlihan Lokey

Transaction

Transaction Details

Closed
December 18, 2018

Sector

Travel & Hospitality Technology, Consumer / Retail / E-commerce / Leisure, Travel

Deal Type

Mergers and Acquisitions

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GCA Advises Travel Chapter on an Investment by ECI Partners

GCA is pleased to announce we advised Travel Chapter, one of the leading holiday rental platforms in the UK, on an investment from ECI Partners.

Founded in 1989, Travel Chapter is a leading online vacation rental platform, marketing over 5,000 properties through its web domains. The business provides sophisticated marketing capabilities and a highly rated customer service model to both property owners and customers. Travel Chapter’s market is largely resilient to macroeconomic factors and is characterized by a fragmented competitive landscape, which provides the company an opportunity to consolidate its position as one of few nationwide providers in the UK.

In 2016 Phoenix Equity Partners invested in Travel Chapter to support the expansion of the business through a combination of organic and acquisitive growth. During Phoenix’s investment, Travel Chapter completed 20 acquisitions, both the number of properties under management and the number of employees more than doubled, and profits increased more than threefold. CEO Jamie Morris will continue to lead the business through the next stage of its growth.

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