Cooley advised the senior management team of Atcore Technology Group, a leading travel technology company, on its sale to Inflexion Private Equity.
Inflexion Private Equity have acquired ATCORE Group, a leading travel technology company which provides specialist software platforms for the global leisure travel sector.
With clients such as TUI, Thomas Cook and Mark Warner, ATCORE comprises of two principal platforms, Atcom and Tigerbay. Atcom designs, builds and maintains reservation software for leading global tour operators. Its proprietary reservation system is highly complex, and supports sophisticated business models which allow clients to manage large volumes of search requests, optimise customer experience and enhance profitability. Tigerbay serves specialist travel companies. It operates a dynamic, flexible, end to end platform that supports a wide range of different businesses and embraces best in-class digital technologies. The global travel and tourism market is large and valued at $2.3 trillion with 4% growth forecasted over the next 10 years. Digital transformation has accelerated a shift to online bookings; consequently, UK Tour Operator IT spend is growing at nearly 20% CAGR.
Inflexion will help ATCORE’s ambitious management team accelerate organic growth. We will also work closely with management to explore a targeted acquisition strategy, capitalising on Inflexion’s locally based international experts in Asia and South America to drive international expansion.
Cooley advised the senior management team (Dave Cruickshank) with a team including Stephen Rosen (Picture), Benjamin Taylor, Natasha Kaye and Nicole Bieber.
Law Firms: Cooley LLP;
Clients: Dave Cruickshank;