TIDMBOOK
Literacy Capital PLC
24 June 2022
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
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Canada, Australia, Japan or the Republic of South Africa.
24 June 2022
Literacy Capital plc ("Literacy Capital" or the "Company")
Literacy Capital completes acquisition of Halsbury Travel
New investment
Literacy Capital is pleased to announce that on 22 June 2022 it
completed its acquisition of Halsbury Travel Limited ('Halsbury').
Halsbury is a travel agency that specifically focuses on organising
trips for UK schools.
Literacy Capital has injected fresh capital and acquired a
majority stake, with further financial terms remaining
undisclosed.
Literacy Capital completes acquisition of Halsbury Travel
Literacy Capital has completed its acquisition of Halsbury
Travel, and subsequent growth capital investment. Halsbury is a
travel agency that specifically focuses on organising trips for UK
schools. Alex Williamson has been appointed to the Board as
Non-Executive Director, bringing a wealth of experience in both the
Education and Travel sectors.
The Company is delighted to announce that it has completed a
significant investment in Halsbury Travel, a travel agency that
specifically focuses on organising trips for UK schools, acquiring
a majority stake in the company.
Headquartered in Nottingham, the business was founded in 1986 by
two former teachers. Most of the trips are to Europe and are
centred around education and languages. Sport and skiing trips are
also significant elements of Halsbury's offering. As a fully
accredited travel company, booking with Halsbury offers complete
peace of mind for teachers, parents, and students alike. Alex
Williamson will be joining the Board as Non-Executive Director at
completion, bringing a wealth of experience in both the Education
and Travel sectors.
The investment allows Halsbury to further improve its product,
people, and processes, enabling it to capitalise on the inherent
organic growth opportunity as the travel market reopens, with
M&A being a key growth driver also.
The transaction represents Literacy Capital's nineteenth
platform investment completed since the inception of the fund in
September 2017, its third since the fund was listed on the London
Stock Exchange in June 2021, and first of this calendar year.
Literacy Capital has also supported its portfolio companies in
completing four bolt-on acquisitions this calendar year.
Enquiries
Singer Capital Markets Securities Limited:
Robert Peel / Amanda Gray
+44 (0) 20 7496 3000
Literacy Capital plc / Literacy Capital Asset Management
LLP:
Tom Vernon
+44 (0) 20 3960 0280
LEI: 2549006P3DFN5HLFGR54
A copy of this announcement will be available on the Company's
website at https://www.literacycapital.com/.
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
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