MHA Corporate Finance facilitate InteleTravel on their majority stake in leading trade-only travel brand

MHA Corporate Finance team has provided tax and financial due diligence to InteleTravel who has taken a majority stake in trade-only travel brand, Major Travel.

The deal has enabled InteleTravel to invest in Major Travel which will enable the company to grow significantly, whilst most importantly retaining its operational independence, with the aim to make Major Travel the leading trade-only operator. Major Travel, which has been established for around 50 years, was one of the first tour operators to start working with InteleTravel when it entered the UK market. It is licensed to carry almost 11,500 passengers.

Commenting on how the firm supported InteleTravel, project lead partner Rob Dando at MHA, said:

Our client relied on being able to trust MHA to provide the level of due diligence to guide this transaction to its successful conclusion.

We pride ourselves in leading with ambition for our clients, so that our people can be bold in their guidance, support and vision to not only help them prepare for today, but for tomorrow and beyond.

I am thrilled we were able to work with InteleTravel and look forward to advising the team in future.”

InteleTravel co-founder and President James Ferrara said:

With our core business firmly established in the UK, our goal is to become an integrated powerhouse in the UK travel industry in sales, product, meetings and other services.

We chose to invest in Major Travel because we believe it is uniquely positioned to become the leading trade-only operator in the country.

Our involvement with Major Travel will focus exclusively on its growth as a distinct and separate entity from our core homeworking business. This approach will reassure our existing preferred partners and suppliers that our intention is not to divert revenue away from them but to amplify the opportunities in working with us.”