London — Mayer Brown has advised its private equity client Vitruvian Partners and its portfolio company JAC Travel on its sale to Australian-listed travel company Webjet Limited for £200 million.

JAC Travel is a UK headquartered B2B travel provider specialising in wholesale accommodation and tailored tours to groups visiting the UK, Ireland and Europe.

The acquisition will be funded by a fully underwritten accelerated cash and debt funding and a new issue of Webjet shares. The transaction is expected to close in September.

The Mayer Brown team advising on the deal was led by London Private Equity partners Perry Yam and James West and included Corporate & Securities senior associates Rebecca Bothamley and Joanne Maitland, associates Stephanie Grajales and Oliver Lyons, and trainee solicitors Alexandra Jones and Priya Mistry (all London); Antitrust & Competition partner David Harrison and associate Sion Davies (both London); Employment & Benefits partner Nick Robertson (London); and Tax Transactions & Consulting partners James Hill (London) and Steven Garden (Chicago) and associate Alexander Goldsmith (London).

Mayer Brown's leading global Private Equity practice is spread across four continents, covering: the Americas, Asia, Europe and the Middle East, and advises on all aspects of private equity transactions.

Earlier this year Mayer Brown acted for Vitruvian on its purchase of OAG Aviation Holdings Limited for approximately $215 million.