Liberty advise the management team of Travel Chapter on its acquisition by ECI Partners
Liberty is pleased to announce that it has advised the management team of Travel Chapter led by Jamie Morris on the acquisition of the business by ECI Partners. Founded in 1989, Travel Chapter is a leading, technology-driven, marketing platform for holiday lettings in the UK. Bideford, Devon-based Travel Chapter markets over 5,000 properties across the UK through its flagship website Holidaycottages.co.uk and other domains. The business provides a compelling holiday lettings proposition to both property owners and customers, through its sophisticated marketing capabilities and highly rated customer service model. Phoenix Equity Partners invested alongside Travel Chapter’s CEO, Jamie Morris, in 2016 to support the expansion of the business through a combination of organic and acquisitive growth. Since 2016 20 acquisitions have been completed, the number of properties under management and the number of employees more than doubled, and profits increased threefold.
Liberty advised the management team on all aspects of their equity terms arrangements with ECI, having also advised the team at the time of the Phoenix investment.
Jamie Morris, CEO of Travel Chapter commented “We’ve really enjoyed working with Mick and Dan again, their approach is always friendly yet professional and they were always on hand when we needed them. Having worked with them previously and being able to build on that relationship over the last couple of years, we found their support and advice invaluable during this entire process” Michael McDonagh of Liberty Corporate Finance added “Jamie, Jayne, Rick and Tim have led an extraordinarily ambitious business over the past few years. They are a talented, entrepreneurial team and continue to deliver results through a professional and driven approach to all aspects of their business – including running a sale process to a completed transaction in less than half the time of a traditional process. It has been a pleasure working with them and we look forward to continuing to do so and to following their progress alongside ECI.”