04 05 2016Livingbridge invests in Direct Ferries
Olswang advised on Livingbridge's investment in the ferry price comparison website provider, Direct Ferries
Founded in 2001, Direct Ferries sells ferry tickets on behalf of ferry companies including P&O Ferries, Stena Line and Brittany Ferries. The group operates ferry ticket websites in 22 languages, covering over 1,970 ferry routes and connecting over 570 ports in 196 countries and islands around the world. Livingbridge will now work with Direct Ferries to help them grow its network of ferry companies, and invest further in its global ticket distribution capability. The group will also look at international expansion into the Asian and US markets.
Living Bridge, formerly known as ISIS Equity Partners LLP, is a private equity firm specializing in replacement capital, management buy-out, secondary buy-out, and management buy-ins in the middle market. The firm, led by Wol Kolade, David Thorp, Gareth Young, Prem Mohan Raj and Sheenagh Egan, is based in London.
The Olswang team was led by Corporate Partner Chris Mackie (Picture) with assistance from Corporate Senior Associate Georgina Ball and Corporate Associates Tom Jameson and Jennifer Lloyd. The debt-funding of the transactions was led by Legal Director Kerry Langton, with Olswang's Tax team led by Partner Mark Joscelyne and Tax Senior Associate Robert Sartor.
¬† Involved fees earner: Chris Mackie - Olswang LLP; Georgina Ball - Olswang LLP; Tom Jameson - Olswang LLP; Jennifer Lloyd - Olswang LLP; Kerry Langton - Olswang LLP; Mark Joscelyne - Olswang LLP; Robert Sartor - Olswang LLP;
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