Titan Travel
Acquistion
Business: Titan Travel is a travel company offering a variety of worldwide holiday services.
Deal: The deal sees the brands operated by Titan, including HiTours and Tailor Made Travel, acquired by Acromas Holdings, which operates a number of brands including Saga Holidays, Saga Cruises, AA Travel and Great Getaways.
Our Role: Titan Travel appointed BTG McInnes Corporate Finance to explore a sale of the business to both trade and private equity partners.
BTG McInnes Corporate Finance successfully completed an extensive marketing exercise, offering the shareholders a number of alternatives to explore whilst trading through a difficult economic environment.
Critical to this deal was the negotiation with the CAA and understanding the input of the CAA’s requirements on different buyers.
Titan Travel reported turnover of £110m for the year ended 30 September 2008 and employs circa 350 from its offices in Red Hill and Evesham.
“We are delighted that Acromas has acquired Titan Travel allowing the business to continue to grow as an independent business. BTG McInnes Corporate Finance and Harvey Ingram worked closely with the management team to deliver real value to the shareholders.”
Martin Coe, Group Managing Director, Acromas
« Back