The Travel Chapter which operates some thirty brands in holiday cottage marketing, including its flagship holidaycottages.co.uk, has been acquired in a management buy out with investment from ICG. The Travel Chapter has benefited from surging demand for staycations driven by the pandemic and had previously been backed by ECI. An IPO had been planned in order to fund further expansion but this has now been postponed.
Travel Chapter CEO Jayne McClure commented; “ECI has been highly supportive in helping Travel Chapter deliver on both organic and acquisitive growth. Our shared alignment on the importance of both owners and customers helped us to attract fantastic new properties and continue to deliver exceptional customer service as we have scaled.”
James Roddis, managing director of ICG, has gone on record saying that there is huge further growth potential for the business.
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