Phoenix Equity Partners ("Phoenix"), a leading UK middle-market private equity firm, today announces an investment in The Travel Chapter Group (“Travel Chapter”) alongside current CEO, James Morris, who has made a substantial reinvestment in the business as part of the transaction. Phoenix’s investment, the first from its new 2016 Fund, will support the continued strong growth of Travel Chapter and provide funding for future bolt-on acquisitions.
Travel Chapter is a leading online marketing platform for holiday lettings in the UK. Through its sophisticated marketing capabilities and highly rated customer service model, Travel Chapter provides a compelling holiday lettings proposition to property owners and customers alike. Travel Chapter’s flagship brand is Holidaycottages.co.uk.
The business currently manages over 2,200 high quality self-catering holiday properties throughout the UK and expects to deliver over 55,000 bookings this year. The business was founded by the Morris family in 1989 and has achieved significant growth underJames Morris’ leadership.
James Morris, CEO of Travel Chapter, commented: “In recent years we have built our family owned business into one of the UK’s leading holiday lettings companies. We have a strong team in place and a range of exciting growth opportunities. We are pleased to be partnering with Phoenix, who share our ambition for growth and will support us to deliver our plan.”
David Burns, Managing Partner at Phoenix, said: “We believe that Travel Chapter is an exciting first investment for our 2016 Fund. Travel Chapter is a fast-growing, innovative business operating in an attractive market. We are delighted to be partnering with James and his team and we look forward to working with them to accelerate the growth of the business. ”