Fladgate has advised the founder and management shareholders of bespoke travel company Original Travel on the sale of their shares to a newly incorporated SPV backed by Voyageurs du Monde S.A., and on the terms of their ongoing involvement with the business.
Original Travel is one of the UK’s fastest growing tailor-made travel companies; it has enjoyed uninterrupted growth since being founded in 2003 and has weathered the financial crisis to achieve six times revenue growth since 2007. Voyageurs du Monde, listed on Euronext (Paris) with a market capitalisation of c.€260m, is France’s leading bespoke travel company and has invested in Original Travel with a view to expanding into the English-speaking world.
The Fladgate team was led by corporate partner Andrew Bessemer Clark and included corporate associates Jamie Hamilton and Diana Mennie, tax associate Gemma Grunewald, commercial and IP partner Eddie Powell and employment associate Caroline Philipps.
The buyer was advised by Taylor Wessing LLP and BDO LLP.