Intermediate Capital Group PLC, a global alternative asset manager, has invested in Travel Chapter Ltd, a platform for self-catering holiday rentals and portfolio company of ECI Partners. Harris Williams advised on the deal.
Travel Chapter is a holiday rental platform providing a selection of 8,000 quality properties across the United Kingdom. The firm offers a number of consumer brands including its flagship Holidaycottages.co.uk as well as Canine Cottages and Cottages & Castles. Intermediate Capital is a a provider of flexible capital services to assist companies in development and growth.
“The vacation rental sector has seen continued strong performance during the COVID-19 pandemic and there are compelling long-term tailwinds,” added Will Bain, a managing director at Harris Williams. “Travel Chapter’s position as one of the leading operators in the U.K. market makes it a very attractive investment opportunity. ICG’s investment will enable Jayne McClure, CEO of Travel Chapter, and her team to continue to deliver on Travel Chapter’s exciting growth strategy. We look forward to watching their continued success and future development.”