Legal business DWF has advised the shareholders of cottage and luxury lodge business Blue Chip Holidays on its acquisition by Wyndham Vacation Rentals UK (WVR UK) as part of a strategic plan to develop its national self-catering portfolio.
The acquisition will enable Blue Chip Holidays to build on its rapid growth across the South West with a vision to expand further nationally. The company will continue to operate as usual and managing director Allan Lambert remains in place following the deal, which completed today.
The deal will enable WVR UK to extend its high-quality self-catering portfolio with the addition of Blue Chip Holidays’ 1,100 properties. The Blue Chip Holidays brand is joining a number of other leading self-catering brands owned by WVR UK, including English Country Cottages, Hoseasons and James Villa Holidays.
DWF’s corporate team advised on the deal led by partner and National Head of Corporate Frank Shephard and corporate associate Darren Ormsby with support from corporate solicitor Nick Hawthorne and tax associate James Cashman.
Frank says: “It was a pleasure to support the shareholders of Blue Chip Holidays through this acquisition and ensure a successful and desired outcome from all parties involved. This deal highlights DWF’s capability in the travel sector as part of the firm’s sector focus approach to business, enabling the team to utilise in-depth industry knowledge as it was required while delivering strong corporate advice to our clients.”
DWF’s 180-strong national corporate practice is consistently ranked one of the most active in the UK by deal volume and regularly advises shareholders on acquisitions, including advising the shareholders of Synergie Group Limited on its sale to Motor Fuel Limited. The team has seen significant growth and has invested in its capability recently with a number of senior appointments, including Matthew Doughty from Squire Patton Boggs as the new Head of Corporate in London.