Acquisition of If Only Holidays by Portman Travel Group

Deal typeTransaction Services
Client nameThe Portman Travel Group Limited

BDO provided financial and tax due diligence in relation to Portman Travel Group's acquisition of If Only Holidays.

If Only Holidays is a dedicated B2B luxury specialist, and a well-respected and long-established luxury tour operator. The acquisition fulfils Portman Travel Group's strategy of buying complementary and sector leading businesses. 

“Having used BDO on a number of previous deals we had no hesitation in using them again for both the M&A and the Financial Due diligence advice on the IF Only transaction. Their ability to react swiftly to what was a tight deadline from engagement to final report is what we have grown to expect from them and once again they delivered good timely advice and project lead. The FDD process in particular gave us the required analysis, insight and objectiveness in delivering the transaction on time.”

Mark Nevin, CFO, The Portman Travel Group Limited

"It is fantastic to have supported Portman on this acquisition which will complement Portman's existing luxury travel business, Elegant Resorts." 

Jeff Gardner, Transaction Services Director