Commercial law firm Hill Dickinson has advised BGF-backed TravCorp Holdings Ltd, parent company of Destination2, Destination2 Cruise and Holiday Gems, on its acquisition of Specialist Holidays Group from Travelopia.
The strategic acquisition adds Specialist Holidays Group’s trio of businesses, American Holidays, Citalia and Sovereign Luxury Travel, to TravCorp’s evolving portfolio, already specialising in the Middle East, Indian Ocean and cruise markets, among others.
The deal is supported by BGF, TravCorp’s long-term investment partner, and aligns with its expansion strategy led by chair Andrew Botterill.
Specialist Holidays Group’s brands each have excellent reputations for their dedication to providing outstanding customer experiences. This focus makes the group a highly complementary addition bolstering TravCorp’s already successful offering. It’s been a pleasure for us to provide a number of services to support this great outcome, and we wish all parties the best in this exciting next chapter.Ian Gillis
Corporate Partner
Andy Freeth, the newly appointed group CEO of TravCorp, commented: “Citalia, American Holidays, and Sovereign Luxury Travel bring substantial scale and valuable specialisms to our group offer. With continued support from our investment partners at BGF, this acquisition marks a key milestone in our plan to become one of the UK’s most trusted and successful collections of specialist travel brands.”
Partner Ian Gillis, of Hill Dickinson’s Corporate team led on the provision of legal advice to TravCorp, assisted by legal director Olivia Jones and associate Daniel McDonagh. Legal director Patrick Reade and associate Sophie Vella also provided support in relation to commercial and data protection aspects of the deal.
Ian Gillis said: “Specialist Holidays Group’s brands each have excellent reputations for their dedication to providing outstanding customer experiences. This focus makes the group a highly complementary addition bolstering TravCorp’s already successful offering. It’s been a pleasure for us to provide a number of services to support this great outcome, and we wish all parties the best in this exciting next chapter.”