Solos Holidays is arranging to ramp up its sales by way of travel agents following its acquisition by private equity investor Stone Ventures final week for an undisclosed sum.

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Solos Holidays to step up trade concentrate following private equity acquisition


Solos at the moment requires about 11,000 consumers on vacation each year, specialising in escorted tours.

 

Andrew Williams, managing director, stated: “The singles market place is seeing sturdy development, and we appear forward to capitalising on this with our new investment.”

 

As aspect of the deal, Solos will have access to £1 million development capital to assistance its expansion plans.

 

“We are hunting forward to expanding our Club Solos supplying [properties reserved for the singles market], but much more excitingly, we will be introducing new advertising channels for 2020,” he added.

 

Steward Baird, chief executive of Stone Ventures, told TTG that even though Solos currently operates with the trade, “part of the program is to develop that”.