Intermediate Capital Group’s Investment in Travel Chapter

Ropes & Gray has advised Intermediate Capital Group (ICG) on the deal. Travers Smith LLP has advised ECI Partners and senior management shareholders.

Intermediate Capital Group (ICG) announced its investment in Travel Chapter, one of the UK’s leading holiday rental platforms, supporting the sale of the company to its management team from private equity firm ECI Partners.

ICG is focused on providing capital to help companies grow through private and public markets. 

Travel Chapter is the leading platform for high-quality self-catering holiday rentals, offering a wide selection of c.8,000 high quality properties across the UK. It has a number of consumer brands including its flagship brand Holidaycottages.co.uk and specialist lifestyle and regional brands such as Canine Cottages and Cottages & Castles.

The Ropes & Gray team was led by private equity partner Helen Croke (Picture), with associates Ciara Stratford, George Taylor and Charlie Shephard and trainees Sienna Hewavidana and Ed Olsen. Other members of the team included finance partner Alex Robb and associates Mark O’Connor and Hoey Lee, real estate partner Will Bryant and associates Harriet Banner and Nick Steynberg, tax partner Chris Agnoli and associate Charlie Voisey, privacy, data protection and cybersecurity partner Rohan Massey and associate Catherine Keeling, antitrust partner Ruchit Patel and associates Anna Pugh and Emily Beighton, asset management associates Vanessa Walters and Lewis Hammond, litigation & enforcement counsel Paige Berges (all based in London) and associate Brad Rocheville (Boston).

The Travers Smith Private Equity & Financial Sponsors team advising ECI on the sale was led by Partner James Renahan, supported by Senior Associate Stuart Allan and Associates Jaryd Davidson and Niki Mavronicola as well as Trainee Solicitor Kasope Sonola.

A separate Travers Smith team led by Senior Counsel Alex Dixon, supported by Senior Associate Matt Powrie and Associate Cari Sweeney, advised senior management of Travel Chapter on their reinvestment.

Specialist tax advice was provided by Tax Partners Hannah Manning and Jessica Kemp who were supported by Senior Counsel Elissavet Grout, Senior Associate Sivanti Devakumar and Associates Rob Smith and Lewis Currie.

Involved fees earner: Charlie Voisey – Ropes & Gray; Chris Agnoli – Ropes & Gray; Harriet Banner – Ropes & Gray; Emily Beighton – Ropes & Gray; Paige Berges – Ropes & Gray; Will Bryant – Ropes & Gray; Helen Croke – Ropes & Gray; Lewis Hammond – Ropes & Gray; Catherine Keeling – Ropes & Gray; Hoey Lee – Ropes & Gray; Rohan Massey – Ropes & Gray; Mark O’Connor – Ropes & Gray; Ruchit Patel – Ropes & Gray; Anna Pugh – Ropes & Gray; Alexander Robb – Ropes & Gray; Brad Rocheville – Ropes & Gray; Charlie Shephard – Ropes & Gray; Nick Steynberg – Ropes & Gray; Ciara Stratford – Ropes & Gray; George Taylor – Ropes & Gray; Vanessa Walters – Ropes & Gray; Stuart Allan – Travers Smith; Lewis Currie – Travers Smith; Jaryd Davidson – Travers Smith; Sivanti Devakumar – Travers Smith; Elissavet Grout – Travers Smith; Jessica Kemp – Travers Smith; Hannah Manning – Travers Smith; Niki Mavronicola – Travers Smith; James Renahan – Travers Smith; Rob Smith – Travers Smith;

Law Firms: Ropes & Gray; Travers Smith;

Clients: ECI Partners; Intermediate Capital Group Plc;