SCOTT DUNN acquired by FLIGHT CENTRE TRAVEL GROUP
Context
Flight Centre Travel Group has agreed to acquire Scott Dunn from private equity firm Inflexion. The acquisition provides Flight Centre with a scalable entry point into the UK and US luxury travel markets. Flight Centre funded the deal through a �102 million equity raise underwritten by Macquarie and UBS, plus existing cash. This marks a successful exit for Inflexion, which had owned Scott Dunn since 2014 and supported its expansion into the US and Asia via acquisitions (Aardvark Safaris, Country Holidays).
SCOTT DUNN, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).
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Target
Founded in 1986 and headquartered in London, Scott Dunn is a high-end luxury tour operator specializing in tailor-made holidays, ski chalets, and family vacations. It operates globally with a strong presence in the UK (74% of transaction value) and the US (21%), along with a small footprint in Asia (Singapore). The company is known for its high-touch service, including 24-hour guest support and exclusive kids' clubs. At the time of the deal, it employed approximately 200 staff globally (note: text says 51 staff, likely referring to a specific office or outdated, but known to be larger).
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REFERENCES
Valuation range: EV 100M - 350M GBP
EBITDA range: 5M - 25M GBP
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: flight centre travel group