Independent private equity group, Vitruvian Partners, has acquired JacTravel from Bowmark Capital for c£80m. JacTravel is a London-based, technology driven, B2B hotel accommodation wholesaler and provider of inbound travel services. The business is a leader in the high growth wholesale accommodation sector, where it partners with over 12,500 independent and chain hotels in 800 cities globally, processing nearly 1 million bookings per year.
JacTravel operates from 10 offices worldwide and employs 220 staff providing services to over 1,000 active customers.BDO acted as M&A adviser to Vitruvian in addition to providing debt advisory, financial & tax due diligence and VAT advisory services.
“Vitruvian appointed BDO as its M&A, Debt Advisory, VAT and financial due diligence provider for the JAC investment. We thoroughly enjoyed working with the team and found their specialist travel knowledge and relationships extremely valuable. They were a pleasure to work with from start to finish.”
Ben Johnson, Partner, Vitruvian