The Russell-Cooke corporate team advised the selling management team and the target company on the sale to ASX listed Corporate Travel Management (CTM) of the Chambers Travel Group in a deal worth potentially £39 million.

The acquisition, effective 2 January 2015, means Chambers Travel will become the European arm of CTM (headquartered in Australia) and provide elected share ownership for the CEO and senior management team.

The Russell-Cooke team advised on the sale documentation, due diligence process and share option structuring as part of the deal. Beavis Morgan were the corporate finance advisers to the sellers and Osborne Clarke advised CTM.