Our team: Julian Lewis
Fladgate LLP has advised a syndicate of investors led by New World Private Equity Partners (NWPE) on a £3m investment in SACO, one of the leading serviced apartment owners and operators in the UK.
The investment will enable SACO to expand its sales and marketing efforts and to increase its apartment portfolio in the UK.
Established 15 years ago by founding directors David and Lesley Freed, SACO The Serviced Apartment Company is today recognised as one of the most vibrant hospitality businesses in the UK, providing serviced apartment accommodation for corporate and leisure travellers, in its operated apartments and through its agency business with carefully selected partners.
The business which has its Head Office in Bristol and employs over 150 staff has been accredited by a number of external bodies including The Sunday Times Best Companies to work for and Visit Britain, both confirming SACO’s commitment to offer exceptional standards of quality and service to its customers.
SACO currently operates over 600 serviced apartments and in its latest financial year will turnover in excess of £20m.
The Fladgate team was led by corporate partner Julian Lewis.