TravelTek

Published on Monday, December 4, 2017

African specialists in management buy-out




Specialist tour operators African Pride and Knighton Reeve have been the subject of a management buy-out.

Liz Hall and David Holland, (pictured here) have bought the businesses from The Curzon Corporation, which has owned the sister companies since their formation in 1999.

Hall, long-standing general manager, and sales manager David Holland have become joint directors in The Knavesmire Travel Group Ltd, the company used to make the purchase.

Hall said: "African Pride has enjoyed great success since the business started and latterly, the luxury Knighton Reeve programme has added to this success. Curzon have been excellent and supportive owners and were keen to see continuity preserved with the sale.

"I spoke with David Holland and together we were delighted to take this rare opportunity to buy a successful and well known specialist business. We are extremely grateful for Curzon's support and guidance over the years and the fair and honourable way by which they have proceeded with the sale."

Hall and Holland have taken over all aspects of the two brands and all staff have agreed to stay on.

"This was a key part of our strategy - the staff are essential to our success and we are delighted that they have come with us on this journey," said Holland.

"Our agency relationships are also vital to our future and I look forward to working with them in the months ahead in developing our business further."

African Pride has just launched its latest brochure with a new design and layout.

It is being distributed to agents now and will last for two years until late 2019.

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