TLT works on tailor-made holidays deal
Law firm TLT has advised TravelLocal, a tailor-made holidays platform, on its merger with Berlin-based trip.me.
The TLT team helped TravelLocal to prepare for and execute this next stage of its growth following the pandemic, after supporting the company with a venture capital investment in 2019.
TravelLocal and trip.me connect customers from across the world with trusted local experts in particular holiday destinations, in order to provide a bespoke travel advice service for personalised holidays. The merged business offers holidays to almost 100 destinations and has customers from more than 100 countries worldwide.
Along with the merger, TLT advised the business on a £2.5m Series A extension led by existing investors Active Partners and Gresham House Ventures to help fund its next phase of growth.
The TLT team was led by legal director Dan Whitewood alongside solicitor Matthew Howells and trainee solicitor Kiran Khanna.
Dan Whitewood, corporate legal director at TLT, said: “It is great to see such an encouraging transformation already within the travel industry, which is central to the global economic recovery. TravelLocal and trip.me’s forward-looking, ethical and sustainable approach to travel positions them as pioneers in their field and we look forward to seeing them emerge from the pandemic even stronger.
“The merger reflects an active M&A and PE market in the travel and tourism sector. With Covid restrictions easing and the economy unlocking, there will be plenty of investment appetite as competitive companies with unique offerings make up for lost time and look to accelerate their growth.”
- Soft Watering Bath Toys for Kids,[DEMEDO] Bathtub & Swimming Pool Toys Gift...
RRP PRICE: £17.99SALE PRICE: £12.99YOU SAVE: £5.00 [Intimate Design] The bathtub toy is made of safe & durable BPA free rubber, which is not […]
- TOWO Wooden Train Set with Town Map-Shinington Railway Track Construction...
RRP PRICE: £45.49SALE PRICE: £34.99YOU SAVE: £10.50 About this item High quality beech wood train trucks and accessories with a beautiful scenery […]
- LEGO 75301 Star Wars Luke Skywalker’s X-Wing Fighter Toy for Kids Age 9+ with...
RRP PRICE: £44.99SALE PRICE: £36.00YOU SAVE: £8.99 About this item Features a LEGO brick-built version of Luke Skywalker’s iconic toy X-wing […]
- Galt Toys Science Lab Kit
RRP PRICE: £17.99SALE PRICE: £12.99YOU SAVE: £5.00 A young science kit to encourage early STEM learning and scientific thinking while having fun […]