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Russell-Cooke advised G Adventures (UK) Limited, part of the group of companies owned and controlled by G Adventures Inc., on their purchase of the Travelsphere and Just You brands from the All Leisure Group (in administration). The deal was brokered by administrators at Grant Thornton.
The Just You brand specialises in holidays for singles, whilst Travelsphere focuses on escorted tours around the world. The deal involved G Adventures taking on over 200 employees, brands and other assets.
Russell-Cooke’s involvement in this matter included liaising with counsel for the Civil Aviation Authority to ensure G Adventures met the requirements to be issued an ATOL certificate on completion of the acquisitions. This allowed holidays previously booked with Travelsphere and Just You to continue as planned.
Russell-Cooke also assisted with the provision of cross-border advice on the acquirer’s financing arrangements with National Bank of Canada.