Transaction

Clearwater UK advises Livingbridge on its investment in loveholidays

Transaction

Livingbridge raised debt finance from Permira Debt Managers to support the acquisition of loveholidays

Acquisition finance

Undisclosed

Role

Adviser to Livingbridge on raising debt finance from Permira Debt Managers to support the acquisition of loveholidays

Sector

Consumer

Region

United Kingdom

Clearwater UK provided debt advisory services to Livingbridge, one of the UK’s leading mid-market private equity investors, raising funds to support its investment in online travel agent, loveholidays.

loveholidays, the short-haul beach holiday provider headquartered in London, is the fastest growing online travel agency in the UK. Founded by Alex Francis and Jonny Marsh in 2012 and now with a team of 140, loveholidays allows customers to create bespoke holidays through ‘discovery search,’ inspiring customers to filter by the attributes that matter to them, rather than requiring them to start with where and when. loveholidays are the 6th largest ATOL holder.

Livingbridge’s investment will be used to fuel further growth through customer acquisition and drive repeat booking rates. Alongside this, Livingbridge will look to work with the business to support further product innovation as well as category expansion.

UK holiday spending is growing, with trade bookings for summer 2018 up 5% year on year, to the end of February, and season-to-date revenue up 8%. Outbound travel maintains a c.70% share of total spend, and online dynamic packaged holidays accounting for £3bn of holiday spend in 2017.

Livingbridge are experienced investors in the travel sector, having backed Enigma Travel, On the Beach and Travel Jigsaw, as well as current investees Direct Ferries and Sykes Cottages, the latter transaction also advised by Clearwater.

image 47

When choosing a partner to help grow our business, Livingbridge was the obvious choice, given their clear entrepreneurial and cultural fit plus their longstanding track record of backing other high growth online travel companies. We look forward to working with them and growing the business over the coming years.

Alex Francis, CEO, loveholidays
image 47

Having known Alex and his team for years, we’re thrilled to be partnering with them. With an experienced and ambitious management team, best-in-class technology platform and a disruptive customer proposition, loveholidays is an incredibly exciting travel business with a fantastic future ahead.

Daniel Smith, Partner, Livingbridge

loveholidays has experienced rapid growth and is therefore an attractive investment opportunity. loveholidays can leverage the invaluable knowledge and experience that Livingbridge has within this space. We’re seeing a considerable amount of activity within the buoyant holiday market and loveholidays is in a very strong position to capitalise on these opportunities.

Chris Smith, Partner, Clearwater

Advisers

Transactions

Drag and zoom to explore transactions

Transactions

employees desktop work
Forward-thinking investor completes partnership-le…

Adviser to GCP on its investment in CloudRock

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

team working computer
Securing the right partner for a high-quality cons…

Adviser to Farsight Consulting on its sale to Version 1

football stadium video
PE supports interconnected sports and live event a…

Adviser to Accredit Solutions on its investment from Gresham…

beauty woman moisturiser
Securing future development in the cosmetics and p…

Adviser to Nordic Beauty Company on its sale to Dayes Group

sustainability panels
Debt facilities raised to support investment in le…

Adviser to Beech Tree on raising debt facilities to support …

baked cookies v2
Bake sale! PE sale of manufacturer and distributo…

Adviser to Initiative & Finance on the sale of Groupe Occipa…

electrician on background high towers power
Skewb receives investment from BGF

Adviser to Skewb on its significant investment from BGF

Untitled 7
Investment in a market leading high-touch travel m…

Adviser to ECI Partners on its investment in TAG

hotels
Five star success for the sale of trio of 4-star h…

Adviser to Honotel Group on the sale of three Parisian hotel…

young children playing educational toy
Unlocking huge latent potential for a market leade…

Adviser to Findel on its sale to Manutan

group students working together teacher
PE backs placing great teachers in education setti…

Adviser to TeacherActive on its investment from Pricoa

sport clothes store shopping mall
Omnichannel sports retailers take Italy and German…

Adviser to Cisalfa Sport on its partnership with SportScheck

traffic cones on road electronic arrow
A smooth ride for a road traffic solutions special…

Adviser to Road Traffic Solutions on its sale to Equistone-b…

engineer wearing safety uniform helmet
A safe pair of hands for the UK's largest passive …

Adviser to Checkmate Fire on its sale to IK Partners

blonde female tourist checking incoming notification
PE backs hyper-personalised, automated passenger c…

Adviser to 15below on its significant investment from LDC

image 64
Saving 10,000 jobs as a consortium of investors ba…

Adviser to Yodel on its sale to YDLGP Ltd

indoor climbing woman
Urban sports on a continental scale

Adviser to Climbing District on its €10m fundraising

pets cat dog VPG
For the love of pets: simultaneously conducting a …

Adviser to Vital Petfood Group on its sale to United Petfood

Project Nest
Raising finance to support the acquisition of a le…

Adviser to Chequers on raising finance to support the acquis…

image 99
PE backs cloud-based unified commerce software in …

Adviser to Glory Global on its acquisition of Flooid

image 103
Paving the way in renewable energies, efficiency t…

Adviser to enercity on the structuring of a syndicated RCF t…

ARTIGIANGIOCCO CIEMME1
From field to fork: PE acquires majority stake in …

Adviser to Hyle Capital Partners SGR on the acquisition of a…

businessman businesswoman surveyors
PE backs leading provider of engineering surveying…

Adviser to WestBridge on its investment in Survey Solutions

carpets
Clearwater advises Brintons Carpets on raising deb…

cropped image young man labrador
Clearwater advises on the sale of TrustedHousesitt…

<p>Clearwater, working together with our US partner <a rel="…

copper pipes close coils tubes warehouse
Clearwater advises Deutsche Invest Mittelstand’s p…

<p>Clearwater has advised DI Mittelstand‘s newly acquired po…

iStock 951945582
Clearwater advises Apadmi on its investment from C…

<p>Clearwater has advised the shareholders of Apadmi, a lead…

image 63
Clearwater advises Mobeus on its investment in Ell…

<p>Clearwater has advised Mobeus, a leading institutional in…

image 93
Clearwater advises Suez on the disposal of its env…

<p>Clearwater has advised Suez, a French multinational water…

image 53
Clearwater advises INTERSPORT Deutschland on the s…

<p>Clearwater has advised INTERSPORT Deutschland eG (INTERSP…

iStock 540852816
Clearwater advises Mayden on its partnership with …

<p>Clearwater has advised Mayden, the growing health tech co…

iStock 463594335
Clearwater advises the shareholders and managers o…

<p>Clearwater has advised the shareholders and managers of M…

image 52
Clearwater advises Fruition IT on its investment f…

<p>Clearwater has advised Fruition IT (consisting of Fruitio…

business finance generic ML3 2
Clearwater advises iamproperty on its investment f…

<p>Clearwater has advised the Shareholders of iamproperty, a…

image 134
Clearwater advised Forensic Testing Service on its…

<p>Clearwater has advised Forensic Testing Service (FTS), a …

image 64
Clearwater advises on Palatine’s investment in BK …

<p>Clearwater has advised on Palatine’s investment in BK Plu…

iStock 543042078
Clearwater advises on the partial sale of Helsam G…

<p>Clearwater has advised the owners of Helsam Gruppen, on i…

image 115
Clearwater advises the management of EFOR and Rais…

<p>Clearwater has advised the management of EFOR, a prominen…

cardboard packaging
Clearwater advises Waterland and Carton Group on r…

<p>Clearwater has advised Waterland Private Equity (Waterlan…

image 103
Clearwater advises Zenzero on its sale to Macquari…

<p>Clearwater has advised Fordhouse-backed Zenzero, a leadin…

shutterstock 1922521334
Clearwater advises Cooper Parry on its acquisition…

<p>Clearwater advises Waterland-backed Cooper Parry, the UK’…

image 125
Clearwater advises IDI on debt financing for the a…

<p>Clearwater has advised IDI, a leading French private equi…

shutterstock 1707892294
Clearwater advises Primary on its investment in Di…

<p>Clearwater has advised Primary Capital Partners (Primary)…

iStock 1340944124
Clearwater advises Phoenix Equity Partners on its …

<p>Clearwater has advised Phoenix Equity Partners (“Phoenix”…

railway tracks
Clearwater advises Eurizon and Ersel on raising fi…

<p>Clearwater has advised Eurizon Capital SGR (Eurizon), the…

shutterstock 2318441911
Clearwater advises LDC on its investment in Boston…

<p>Clearwater has advised LDC on its significant investment …

image 63
Clearwater advises MBL Seminars on its sale to Law…

<p>Clearwater has advised the shareholders of MBL Seminars (…

film making
Clearwater advises AXA IM Alts on the acquisition …

<p>Clearwater advises AXA IM Alts, a world leader in alterna…

image 126
Clearwater advises the shareholders of CRP, IMACAM…

<p>Clearwater has advised the shareholders of prominent medi…

iStock 912073314
Clearwater advises Livingbridge on the sale of Bri…

<p>Clearwater has advised Livingbridge on the sale of and re…

business finance generic ML3 27
Clearwater advises Texere Publishing on its sale t…

<p>Clearwater has advised Texere Publishing (Texere), a UK-b…

image 111
Adviser to Hakim Group on raising debt facilities …

1711885617880
Clearwater advises ICG on its partnership investme…

<p>Clearwater has advised financing partner ICG, on its inve…

All Styles accessories
Clearwater has advised All Styles on its sale to M…

<p>Clearwater has advised the owners of All Styles, one of t…

shutterstock 2118547160
Clearwater advises APEM Group on its refinancing t…

<p>Clearwater has advised WestBridge-backed APEM Group, a gl…

image 74
Clearwater advised LDC on its investment in Star L…

<p>Clearwater has advised LDC on its investment in Star Live…

image 49
Clearwater advises H.I.G. Capital on raising finan…

<p>Clearwater has advised H.I.G. Capital, LLC (H.I.G. Capita…

cruise ship
Clearwater advises the majority shareholder on rai…

<p>Clearwater has advised the majority shareholder, Inti Lig…

image 53
Adviser to Rabobank on the restructuring of and sa…

attractive female international student making individual
Clearwater advises Apiary Capital on its investmen…

<p>Clearwater has advised Apiary Capital, a UK private equit…

production factory v2
Clearwater advises Gomà-Camps Consumer on its sale…

<p>Clearwater has advised Gomà-Camps Consumer, one of the le…

doctor patient medical office
Clearwater advises Latus Health on its acquisition…

<p>Clearwater has advised Latus Health (Latus), a prominent …

image 111
Clearwater advises Latus Health on raising debt fa…

<p>Clearwater has advised Latus Health (Latus), a prominent …

cloud computing
Clearwater advises Transparity Solutions on raisin…

<p>Clearwater has advised Transparity Solutions (Transparity…

Maileg toys designer
Clearwater has advised Maileg on its sale to Scope…

<p>Clearwater has advised the design company, Maileg, on its…

Fovea vet
Clearwater advises Fovéa on its fundraising from E…

<p>Clearwater has advised Fovéa, a French veterinary clinics…

shutterstock 1065451166
Clearwater advises Mayfair on raising debt facilit…

<p>Clearwater has advised Mayfair Equity Partners on raising…

image 68
Clearwater advises Meesons on its sale to H.I.G. C…

<p>Clearwater has advised Meesons, a market-leading provider…

computer circuit board
Clearwater advises Tier 1 Asset Management on its …

<p>Clearwater has advised Bridges-backed Tier 1 Asset Manage…

Car speeding
Clearwater advises the owners of Speeding on its p…

<p>Clearwater has advised the owners of Speeding, a motorspo…

Eqwal health prosthetics
Clearwater advises Eqwal, who are majority owned b…

<p>Clearwater has advised Eqwal Group (Eqwal), a developer o…

shutterstock 1942634989
Obsequio Group receives investment from Beech Tree…

Adviser to the shareholders of Obsequio Group on its investm…

image 60
Clearwater advises Synova on its investment in Lea…

<p>Clearwater has advised Synova on its investment in Learnl…

mini bulldozer landscaping
Clearwater advises Sanaga Group on the acquisition…

<p>Clearwater has advised Sanaga Group, a landscape manageme…

oil fields
Sella Controls sold to HIMA Paul Hildebrandt

Adviser to Sella Controls on its sale to HIMA Paul Hildebran…

shutterstock 573110821
We Are Digital raised funding from Impact Partners

Adviser to We Are Digital to raise growth capital for the bu…

cardboard packaging
Clearwater advises WEIG on raising finance to supp…

<p>Clearwater has advised Moritz J. Weig GmbH &amp; Co. KG (…

adventurous person navigating topographic map
Clearwater advises Gimeg on its sale to Trigano

<p>Clearwater advises Gimeg on its sale to Trigano</p>
<p>Cl…

light installation resized
Clearwater advises Bencis Capital Partners on rais…

<p>Clearwater has advised Bencis Capital Partners (Bencis) o…

fresh toasted cereal bread slices on rustic wooden table
Clearwater advises Monviso Group on raising new fi…

<p>Clearwater has advised Monviso Group (Monviso), a company…

iStock 902810140
Clearwater advises GCP on its investment in 101 Wa…

<p>Clearwater has advised GCP on its minority investment in …

image 54
Clearwater advises Groupe Baelen on raising unitra…

Camping Paradis Le Gineste
Clearwater advises a family office on its investme…

<p>Clearwater has advised a family office, active in the lei…

iStock 1297207452
Clearwater advises Waterland on raising debt facil…

<p>Clearwater has advised Waterland Private Equity (Waterlan…

Healthcare data
Clearwater advises Source Health Economics on its …

<p>Clearwater has advised Source Health Economics (Source), …

shutterstock 1707746185
Clearwater advises Qubix International on its sale…

<p>Clearwater has advised Qubix International, a global Orac…

cheerful busy manager typing on laptop
Clearwater advises Livingbridge on the sale of Ven…

<p>Clearwater has advised Livingbridge on the sale of Vendig…

car wipers close large windshield
Clearwater advises Nazca Capital on its acquisitio…

<p>Clearwater has advised Nazca Capital (Nazca), the private…

image 80
Clearwater advises enercity on raising finance to …

<p>Clearwater has advised enercity Aktiengesellschaft (enerc…

image 51
Clearwater advises Difrax on its sale to Canpol Ba…

<p>Clearwater has advised Difrax, the Dutch market leader in…

shutterstock 1256282827
Clearwater advises Tearfil Group on the sale and l…

<p>Clearwater has advised Tearfil Group (Tearfil), a manufac…

water flowing fire hose reel nozzles compressed
Clearwater advises Soho Square Capital on the sale…

<p>Clearwater has advised Soho Square Capital (Soho Square) …

business person giving speech on business meeting
Clearwater advises Flint Global on its refinancing

<p>Clearwater has advised Growth Capital Partners (GCP) port…

young children playing educational toy
Clearwater advises the shareholders of UHM on the …

tic elkas industrial automation
Clearwater advised Phoenix Contact on the arrangem…

<p>Clearwater has advised Phoenix Contact GmbH &amp; Co. KG …

engineer technician designing drawings engineering engine
Clearwater advises Drive System Design on its sale…

<p>Clearwater has advised Drive System Design (DSD), an awar…

image 91
Clearwater advises Infraserv on its €150m issuance…

<p>Clearwater has advised Infraserv GmbH &amp; Co. Höchst KG…

image 66
Clearwater advises Rubicon Partners on its sale of…

<p>Clearwater and <a href="https://www.clearwaterinternation…

image 74
Clearwater advises DJH Mitten Clarke on its invest…

<p>Clearwater has advised DJH Mitten Clarke, a Top 50 accoun…

employees desktop work
Forward-thinking investor completes partnership-le…

Adviser to GCP on its investment in CloudRock

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

team working computer
Securing the right partner for a high-quality cons…

Adviser to Farsight Consulting on its sale to Version 1

football stadium video
PE supports interconnected sports and live event a…

Adviser to Accredit Solutions on its investment from Gresham…

Use ctrl + scroll to zoom in/out