TTC advises DER Touristik UK on their acquisition of Journey Latin America
Award-winning travel company, Journey Latin America has been acquired for an undisclosed sum by DER Touristik UK, also the parent company of Kuoni and specialist brands Carrier, Kirker, CV Villas and Jules Verne.
Journey Latin America was founded 38 years ago by Brian Williams and Chris Parrott and has evolved to become the market leader for tailor-made trips and escorted group tours to Central and South America.
Derek Jones, CEO, DER Touristik UK said: “We’ve got a strong track record of running specialist businesses successfully. Our approach is very much about retaining the independence and specialist knowledge so they’re able to flourish, with the backing of a supportive yet ambitious group.”
Martin Alcock, Director of TTC said: “DER Touristik know better than most that customers increasingly demand unique experiences and deep product expertise when spending their money on leisure activities. The acquisition of Journey Latin America introduces a fantastic range of products to DER Touristik’s existing customers. We were delighted to help execute this transaction and we wish them all the best.
Matt Quinlisk, DER Touristik UK FD said: “Thanks to TTC for assisting us with the regulatory clearances on the deal. We’ve worked with Martin and the team for many years now and you can really rely on them to deliver when it counts. Their experience of working on lots of transactions in the travel sector helped at all stages in the process from early negotiations all the way through to closing which helped us to get the deal done and in-line with required timeline.”
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