Travel Sector Diligence
- Our Directors and Operating Partners are sector insiders – we bring deep insight and context
- Added value to CDD and ITDD providers – scoping, interpretation, dealing pragmatically with issues
- Instrumental in over 70 transactions in the Travel Space
- Engaged on the bid-side in key sector transactions, including HBR Education (PGL), Travelopia, Eurocamp, Sykes Cottages, Explore Worldwide, Gold Medal
We advised Elysian Capital LLP on their acquisition of TMC Key Travel from Living Bridge, working alongside CDD providers EY Parthenon and specialist ITDD consultants Travology, providing due diligence commentary, operating review and exit analysis.
Key Travel was a complicated deal, with a number of concurrent diligence streams executed to a short timetable. Chris and James provided a set of experienced, industry eyes over the top – helping to bring together the bigger picture, testing specific points of detail and providing the commercial context of an operator to the diligence output as it formed. It was also great fun working with them.
Edward Brett, Partner, Elysian Capital
The Strategy Exchange worked alongside the deal team at NorthEdge Capital to provide deep insight into the asset and its competitive environment. We worked closely with the CDD and Corporate Finance teams at EY, and we helped build our client’s credibility with the ITC management team.
The Strategy Exchange provided us with deep insight into ITC and its competitive environment, which helped North Edge to build a compelling investment case and strengthened our sector-specific credibility with the management team, in turn helping to give us a strong competitive advantage throughout the bidding process.
Ray Stenton, Partner and Head of New Business, NorthEdge Capital
The Strategy Exchange advised Zachary Asset Holdings on the MBO of Stewart Travel from Minoan Group plc, and acquisition of Canterbury Travel, working alongside CDD providers Armstrong Transaction Services
Aclass is an online, multinational and multi-brand adventure tour operating group based in Denmark, and with outbound operations throughout the Nordic region, Germany and the UK. The Strategy Exchange and its Operating Partners carried out a detailed strategic review for acquirer Maj Invest, including granular business model analysis, market and competition study, strategic benchmarking and differentiation analysis, and review of market dynamics.
I have worked with James and Chris for over 20 years, both in their capacity as operators and subsequently in their roles at The Strategy Exchange. I would rate them as the most informed industry experts I know, coupled with a keen understanding of deal dynamics and subsequent value creation through operational change.
Mervyn Metcalf, Managing Director, Dean Street Advisors