Transcend Corporate, the Thames Valley and Birmingham based corporate finance advisers, is pleased to announce the sale of Sardatur Holidays Limited (“SHL”) to the Uvet Group of companies, for an undisclosed sum. Transcend Corporate, led by chairman Ian Aldridge, acted as lead adviser, and a team comprising Michael Bennett and Katie Somerville from Hill Dickinson LLP acted as legal adviser to Felice Soru, sole shareholder of SHL.
Based in Richmond, Surrey, SHL has specialised for over 30 years, in providing bespoke Italian and Sardinian luxury holidays.
Uvet Group is a leader in tourism, offering innovative services and solutions for business travel, mobility, tourism, incoming, and corporate events. It had revenues in 2017 of €2.9 billion, with over 1,600 staff and operations in 140 countries.
Commenting, Felice Soru said: “I am pleased to have sold SHL to Uvet Group, and am confident that, as part of Uvet Group, SHL, its employees, and customers will continue to flourish and grow.” Felice also paid tribute to Transcend Corporate saying: “I am delighted to have appointed Transcend Corporate and Hill Dickinson to advise me on this project. Transcend Corporate made this transaction happen, assisting me throughout the process, and guiding me to a successful completion.”
Transcend Corporate chairman, Ian Aldridge, commented: “After 30 years of growing his business, we are delighted to have helped Felice crystallise the value which he has built up. It is a good deal for all the parties, and we wish Felice a well-deserved retirement.”