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Announced

Completed

Vitruvian Partners completed an investment of $482m in Sykes Holiday Cottages.

Financials

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Transaction Value£373m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

United Kingdom

Hotels and Motels

Friendly

cottage rental

Acquisition

Private

Single Bidder

Majority

Completed

Synopsis

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Vitruvian Partners completed an investment of $482m in Sykes Holiday Cottages, the UK's fastest-growing independent holiday cottage provider. “Sykes Holiday Cottages has gone from strength to strength, growing from a trusted family-run business to one of the largest holiday home rental platforms in Europe. In Sykes, we have found a team with a mission to become a global category leader and we hope to support that with our experience and capital. We back exceptional high-growth technology-enabled businesses with proven leadership teams and are excited to partner with Sykes Holiday Cottages during its next phase of growth,” Ben Johnson, Vitruvian Partners Partner.

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