Business News

Purchase by Wilderness Safaris of certain assets from KPMG, acting as administrators of Jacada Travel

Published by
TBM Team

Submission Date: 15/06/20

Completion Date: 27/05/20

Target:­­ Certain assets of Jacada Travel

Value: Confidential

Acquirer:Wilderness Safaris

Deal Description: Wilderness Safaris acquired certain assets of the Jacada brand to provide stability, sustainability and greater access to global connections for Jacada’s clients. It was negotiated in a very short time scale in very difficult trading circumstances for the sector.

Corporate Funding: Client’s working capital

Corporate Finance Advisers:KPMG as administrators

Legal Advisers:IBB acted for Wilderness, Keystone Law acted for the Administrators

TBM Team

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