Global law firm Reed Smith has advised Vitruvian Partners LLP (Vitruvian) and its portfolio company, JacTravel Group (JacTravel), on JacTravel’s acquisition of TotalStay Group, a major accommodation provider in wholesale, retail and consumer markets.
The Reed Smith team, led by partner Perry Yam and associates James West and Emilia Valvano, advised on the acquisition, legal elements of the transaction arrangements and structuring of the deal. Leveraged finance partner, Ben Davis, led on the debt financing aspects of the deal, with debt funding provided by ICG. Tax and competition advice was provided by partners Caspar Fox and Marjorie Holmes respectively.
Perry Yam, head of private equity for Europe & the Middle East, commented:
“We were delighted to lend our support to Ben Johnson and Terry Williamson and their respective teams at Vitruvian and JacTravel in what we all hope will prove to be a very meaningful development in the group’s expansion. We were also pleased to work alongside Simon Cope-Thompson and his team at Livingstone Partners, who provided buy-side support for JacTravel.”
ENDS
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About Reed Smith
Reed Smith is a global relationship law firm with more than 1,800 lawyers in 25 offices throughout Europe, the Middle East, Asia and the United States.
For further information, please visit www.reedsmith.com or contact Annabelle Price (branding & communications executive EME) on +44 (0)20 3116 3787.
About the private equity team
The Reed Smith Europe & Middle East private equity team launched in 2012, with the appointments of Perry Yam (head of the practice) in London and Justus Binder in Munich. The firm’s global team has grown to more than 100 transactional lawyers practising throughout Europe, the United States, the Middle East and Asia. The London team offers a full service practice, operating as leaders in their local jurisdictions and applying a global perspective in their close work with colleagues skilled in tax, finance, intellectual property, employment and benefits, corporate and compliance advice, and all other disciplines required for these types of transactions.