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Harris Williams Advises Intermediate Capital Group PLC on its Investment in Travel Chapter Ltd
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Harris Williams announces Intermediate Capital Group PLC's investment in Travel Chapter Ltd, a UK-based platform for high-quality self-catering holiday rentals. This transaction is expected to support Travel Chapter's growth strategy as the vacation rental sector shows strong performance. Travel Chapter offers around 8,000 rental properties across the UK and is noted for its strong consumer brands, including Holidaycottages.co.uk. ICG, a major alternative asset manager, manages $69 billion and aims for net zero operations by 2040.
Positive
Strong investment from Intermediate Capital Group PLC into Travel Chapter Ltd signals confidence in the vacation rental market.
Travel Chapter's portfolio includes approximately 8,000 high-quality properties, indicating a robust market presence.
The investment will bolster Travel Chapter's growth strategy, enhancing potential revenue and market share.
Negative
None.
LONDON--(BUSINESS WIRE)--
Harris Williams, a global investment bank specializing in M&A advisory services, announces Intermediate Capital Group PLC’s (LSE: ICP; ICG) investment in Travel Chapter Ltd (Travel Chapter), alongside the management team. Travel Chapter is a portfolio company of ECI Partners (ECI) and a leading platform for high-quality self-catering holiday rentals in the U.K. The transaction, led by Will Bain, Stefan van de Ven and Andreas Illmer of the Harris Williams Consumer Group, extends the firm’s track record in the travel and leisure sector.
“The vacation rental sector has seen continued strong performance during the COVID-19 pandemic and there are compelling long-term tailwinds. Travel Chapter’s position as one of the leading operators in the U.K. market makes it a very attractive investment opportunity,” said Will Bain, a managing director at Harris Williams. “ICG’s investment will enable Jayne McClure, CEO of Travel Chapter, and her team to continue to deliver on Travel Chapter’s exciting growth strategy. We look forward to watching their continued success and future development.”
This transaction builds on Harris Williams’ expertise in the broader sector, having advised Sykes Holiday Cottages on its sale to Vitruvian Partners and Siblu Villages on its sale to Naxicap Partners.
Travel Chapter is one of the U.K.’s leading holiday rental platforms, offering a wide selection of around 8,000 high quality properties across the U.K. It has a number of consumer brands, including its flagship brand Holidaycottages.co.uk and specialist lifestyle and regional brands such as Canine Cottages and Cottages & Castles, all focused on delivering exceptional customer service. Travel Chapter was a prior portfolio company of ECI.
Intermediate Capital Group PLC (LSE: ICP), listed on the London Stock Exchange and constituent of the FTSE 100, provides flexible capital solutions to help companies develop and grow. ICG is a global alternative asset manager with over 30 years' history, managing $69 billion of assets and investing across the capital structure. ICG develops long-term relationships with its business partners to deliver value for shareholders, clients, and employees, and use its position of influence to benefit the environment and society. ICG is committed to being a net zero asset manager across its operations and relevant investments by 2040.
ECI is a leading private equity investor, investing in growing businesses valued up to £300 million. It has 45 years of experience, collaborating with management teams to build successful global businesses. With an unrivalled track record of 266 investments, ECI invests as either a majority or a minority investor and has a long track record of investing successfully in the travel subsector, with investments in businesses such as Travel Chapter, GRJ, CarTrawler, and Reed & Mackay, amongst others. ECI is currently investing its 11th buyout fund and manages approximately £1.7 billion on behalf of its institutional investors.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on the Harris Williams Consumer Group and recent transactions, visit the Consumer Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co.Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co.Corporate Finance Advisors GmbH conduct business.
