Vitruvian Partners has acquired JacTravel Group from Bowmark Capital. JacTravel Group is a B2B hotel accommodation wholesaler and provider of inbound travel services.
London-based JacTravel Group (“JacTravel”), the technology driven, B2B hotel accommodation wholesaler and provider of inbound travel services, announces that independent private equity group, Vitruvian Partners (“Vitruvian”) has acquired the business from Bowmark Capital (“Bowmark”), the mid-market private equity firm. The transaction is worth approximately £80m, and subject only to German competition authority clearance.
JacTravel is a UK-based leader in the high growth wholesale accommodation sector, where it partners with over 12,500 independent and chain hotels in 800 cities globally and processes nearly 1 million bookings per year. JacTravel operates from 10 offices worldwide and employs 220 staff providing services to over 1,000 active customers.
Since Bowmark acquired the business in August 2007, JacTravel has significantly expanded its global coverage, establishing extensive customer and supplier relationships in the emerging travel markets of Latin America, Asia and the Middle East.