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New Deal


Announced

Livingbridge and Vitruvian to reinvest in Sykes Holiday Cottages.

Financials

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

Tags

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Private Equity

Majority

Pending

Hotels and Motels

cottage rental

United Kingdom

Acquisition

Private

Friendly

Single Bidder

Domestic

Synopsis

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Livingbridge and Vitruvian, two private equity investment firms, are set to reinvest in Sykes Holiday Cottages, whose line of business includes renting rooms, with or without board, on a fee basis. Financial terms were not disclosed. “Sykes Holiday Cottages is a fantastic business, which has succeeded in driving the use of digital technology to deliver outstanding service to property owners and customers. We are therefore delighted to be continuing our partnership with the business for the next growth chapter,” Adam Holloway, Livingbridge Partner.

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