European Buyers Snap Up Two British Travel Businesses…with more predicted
Summit Advisory is witnessing a strong appetite for acquisitions from European travel businesses. This follows its successful sales of two British travel businesses to European travel companies in December 2018.
Mickledore Travel, a self-guided walking holidays specialist tour operator, was sold to KE Adventures, part of the prestigious, French Voyageurs du Monde group. Rob Roy Tours was bought by Austrian based groups tour operator, Travel Europe.
‘ We were delighted to introduce such strong buyers to our clients as part of two highly competitive sale processes and have a growing network of European travel companies keen to expand in the UK either because of, or undeterred by Brexit, depending on their agendas’ commented Deborah Potts, Director.
Rick and Sonja Cooper, the founders of Mickledore Travel stated:
‘Summit Advisory’s advice was important helping us decide when to go to market, and their extensive contacts were instrumental in generating a healthy level of interest from the trade. The end result was a sale achieved within 8 months of going to the market, at a healthy multiple, to a company we are sure will look after the staff and the brand.’
Klaus Frommel, founder of Rob Roy Tours reported:
‘I could not have been more impressed with the services of Summit Advisory. I am delighted to be working with Travel Europe – a hugely impressive major travel business which still retains a family ethos.’
Summit Advisory is a travel specialist, boutique M&A company.
Lead Advisor: Deborah Potts, Research Advisor: Gaby Marcon-Clarke
Other Advisors to Mickledore Travel and Rob Roy Tours include: Elman Wall Travel Accountants (Yasin Khandwalla, Karen Gill, Parul Guhar), Hill Dickinson (Katie Somerville)