Harris Williams & Co. Ltd Advises Livingbridge on its Acquisition of loveholidays

June 4, 2018

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it advised Livingbridge on its acquisition of loveholidays, a leading online travel agent (OTA) based in the UK. The transaction was led by Edward Arkus, Will Bain and Krishna Patel of Harris Williams & Co.’s Consumer Group.

“loveholidays was founded in 2012 and in a short time has become a market leading OTA in the UK, differentiated through its superior technology and search functionality,” said Will Bain, a director at Harris Williams & Co. “We are delighted to have advised Livingbridge on its acquisition of loveholidays and look forward to following the business’ continued strong growth in the future.”

Edward Arkus, a managing director in the firm’s Consumer Group, added, “Travel is undoubtedly one of the most active sub-sectors in the European consumer market. This is the third travel transaction we have advised on in the last six months, having acted for Silverfleet Capital and Duke Street on their acquisitions of Riviera Travel and A-ROSA, respectively.”

loveholidays, the short-haul beach holiday provider headquartered in London, was founded by Alex Francis and Jonny Marsh in 2012 and is now 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 is the sixth largest ATOL holder.

Livingbridge is an award winning mid-market private equity firm of more than 90 people in the UK, U.S. and Australia with over £1 billion to invest in fast growing companies over the next five years. The Livingbridge team has been backing growing businesses together for over 20 years. Having invested in over 100 businesses, Livingbridge understands the people behind growing companies be that in consumer markets, or in healthcare and education; technology, media and telecommunications; financial services and business services, and helps them achieve what’s right for them and their business.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.