Flight Centre Travel Group → Luxury Travel Holdings Limited (Scott Dunn)
completedDeal announced2023-01-30
BuyerFlight Centre Travel Group
SellerLuxury Travel Holdings Limited (Scott Dunn)
SectorTravel
ValueA$211.0M
Deal typeM&A
Flight Centre Travel Group acquired 100% of UK-based luxury leisure travel operator Scott Dunn for an enterprise value of GBP121 million (~A$211 million), 9.6x Scott Dunn's trailing EBITDA. Completed 31 January 2023.
Why the buyer wanted it
Flight Centre wanted to move upmarket into the luxury leisure travel segment, gaining Scott Dunn's established UK and US customer base (founded 1986, ~200 staff).
Why the seller agreed
Scott Dunn's owners exited for a premium valuation reflecting the business's post-pandemic recovery and growth trajectory.
Stock reaction
Flight Centre framed the deal as expected to be mid-teens percentage EPS accretive on a pro-forma full-year basis before synergies.
Deal mechanics
Deal structure
All-cash acquisition at 9.6x trailing EBITDA