Management Due Diligence specialists, The Quinn Partnership, has supported Palatine Private Equity on their recent backing of holiday price comparison provider, Icelolly.

Based in Bradford, the high-growth holiday price comparison provider that runs the icelolly.com site, offers around 40 million holiday packages from more than 50 UK-based tour operators.

The £17m management buyout will enable the business to continue to invest in its online network and infrastructure to take advantage of the strong market dynamics.

Andy Lees, Partner at Palatine Private Equity, said:

“The travel sector was an early adopter of e-commerce with more consumers researching online to find the best deals for their holidays. Icelolly is a fantastic business with a strong and vibrant brand identity offering excellent value to its customers. We are really pleased to be joining the team and supporting the business through to its next stage of growth.”

Dave Clayton, CEO at Icelolly said:

“Icelolly.com had 28 million visitors last year, and the brand has quickly become a household name for great value holidays. We have spent the last 3 months getting to know Palatine, and they share the same vision for the future as our very experienced management team.

“I am delighted that the have decided to invest in what promises to be a very exciting chapter in the company’s development. The company has exciting plans to add content and functionality to the site, and is planning to move to new offices to accommodate plans for future growth.”

Mike Stiles, Director at The Quinn Partnership, comments:

“This is a highly entrepreneurial business which has recently augmented the team with additional sector expertise and professional excellence under the guidance and leadership of Dave Clayton. The emerging and strong partnership with Palatine provides an exciting platform for growth and success in the new era.”

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