Add-on Acquisition • Leisure

Travel + Leisure Acquires Hoseasons Group

On February 22, 2010, Travel + Leisure acquired leisure company Hoseasons Group from HgCapital for 51M GBP

Acquisition Context
  • This is Travel + Leisure’s 1st transaction in the Leisure sector.
  • This is Travel + Leisure’s 2nd largest (disclosed) transaction.
  • This is Travel + Leisure’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date February 22, 2010
Target Hoseasons Group
Sector Leisure
Buyer(s) Travel + Leisure
Sellers(s) HgCapital
Deal Type Add-on Acquisition
Deal Value 51M GBP
Advisor(s) Close Brothers (Financial)

Target Company

Hoseasons Group

Suffolk, United Kingdom
Hoseasons Group Ltd. is an independent self-catering holiday agency in the UK, offering country cottages, holiday lodges and parks, and boating holidays throughout the UK and Ireland. It also offers a growing range of self-catering products to customers wishing to take holidays in Europe.
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Buyer Overview 1

Buyer

Travel + Leisure

Orlando, Florida, United States

Category Company
Founded 1990
Sector Leisure
Employees19,000
Revenue 3.9B USD (2024)
DESCRIPTION
Wyndham's corporate headquarters in Orlando, Florida.
Wyndham's corporate headquarters in Orlando, Florida.

Travel + Leisure is a hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.


Deal Context for Buyer #
Overall 1 of 14
Sector: Leisure 1 of 13
Type: Add-on Acquisition 1 of 13
Country: United Kingdom 1 of 3
Year: 2010 1 of 4
Size (of disclosed) 2 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-07 Sol Melia SA

Palma, Spain

Sol Melia SA (Tryp Hotel Brand) is an owns and operator of restaurants in Spain.

Buy -

Seller Profile 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


Deal Context for Seller #
Overall 23 of 97
Sector: Leisure 1 of 1
Type: Add-on Acquisition 11 of 47
Country: United Kingdom 15 of 47
Year: 2010 1 of 3
Size (of disclosed) 33 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Mercury Pharma Group

Surrey, United Kingdom

Mercury Pharma Group is an international specialty pharmaceutical company selling niche prescription pharmaceuticals. The company markets its products across the globe with primary focus in UK and EU markets and operational bases in the UK, Ireland and India. Mercury Pharma Group was founded in 1991 and is based in Surrey, United Kingdom.

Buy £179M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-26 JLA

Ripponden, United Kingdom

JLA provides commercial laundry, catering and heating solutions to more than 25,000 small and medium-sized enterprise (‘SME’) customers. JLA offers a unique ‘Total Care’ proposition, which combines equipment supply with guaranteed service response times for a contracted monthly fee, providing peace of mind and value for money to a range of customers including care homes, hotels, education providers and housing associations. JLA was established in 1973 and is based in Ripponden, United Kingdom.

Buy -