Vitruvian Partners Acquires Sykes Cottages with Unitranche Financing from EQT Credit
November 1, 2019
Vitruvian Partners has acquired Sykes Cottages Holdings Limited, a UK-based vacation rental management business, with unitranche senior debt facilities provided by EQT Credit to finance the acquisition, refinance existing debt, and support future growth. Sykes operates a tech-enabled vacation rental platform managing tens of thousands of properties across the United Kingdom and New Zealand and will be supported by the new capital for continued expansion.
- Buyers
- Vitruvian Partners, EQT Credit
- Targets
- Sykes Cottages Holdings Limited
- Industry
- Real Estate
- Location
- Cheshire, United Kingdom
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Livingbridge Reinvests in Sykes Holiday Cottages alongside Vitruvian Partners
January 9, 2020
Real Estate
Livingbridge has reinvested in Sykes Holiday Cottages, joining existing investor Vitruvian Partners to support the UK holiday-home provider’s next stage of organic and acquisitive growth. Sykes, headquartered in Chester, currently manages around 19,000 properties after recent bolt-on acquisitions and will use the capital to continue its growth and digital investment.
-
Sykes Holiday Cottages to Acquire Forest Holidays from Phoenix-led Investor Group
April 8, 2022
Restaurants & Hospitality
Sykes Holiday Cottages, a portfolio company of Vitruvian Partners, is set to acquire Forest Holidays from an institutional investor group led by Phoenix Equity Partners and including LDC. The transaction brings Forest Holidays’ 12-location, nature-based cabin business into the Forge/Sykes platform to create a larger UK domestic holiday group focused on sustainable tourism.
-
Sykes Holiday Cottages Acquires Pure Cottages Group from LDC
January 6, 2020
Restaurants & Hospitality
Chester-based Sykes Holiday Cottages has acquired Pure Cottages Group from private equity investor LDC for an undisclosed sum. The deal brings the Pure Cottages portfolio — a collection of five luxury regional holiday rental brands managing more than 1,500 holiday homes across Cumbria, Cornwall and the Cotswolds — into Sykes' wider network to bolster its premium offering and support further UK and international expansion.
-
EQT Private Equity and Vitruvian Partners Invest in CFC
October 21, 2021
Insurance
EQT Private Equity (EQT IX) has agreed to make a significant investment in CFC alongside existing investor Vitruvian Partners and CFC management. The capital will support CFC's continued investment in technology and growth as the specialist cyber and emerging-risks insurer scales its global platform and product offering.
-
Blackstone Real Estate Acquires Village Hotels from KSL Capital Partners
June 26, 2024
Restaurants & Hospitality
Funds managed by Blackstone Real Estate have completed the acquisition of Village Hotels from affiliates of KSL Capital Partners. Village Hotels owns and operates 33 hotels across the United Kingdom (approximately 4,400 keys) with integrated fitness clubs, food & beverage outlets and co-working spaces; Blackstone said it plans to expand the number of hotels in the UK and enhance existing facilities.
-
The Travel Chapter Acquires Cottages and Castles
October 22, 2019
Restaurants & Hospitality
ECI portfolio company The Travel Chapter has acquired Scottish self-catering agency Cottages and Castles, adding the brand and its collection of over 600 properties to The Travel Chapter’s portfolio. The acquisition will make Cottages and Castles The Travel Chapter’s primary Scottish brand and expand marketing reach for property owners across The Travel Chapter’s brands, including holidaycottages.co.uk.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.