Audley Travel ‘an excellent fit’, says 3i

Monday, 22 Dec, 2015 0

Private equity group 3i has acquired tailor-made specialist Audley Travel for £159 million from fellow investor Equistone.

3i director Tom Salmon described Oxfordshire-based Audley Travel as ‘an excellent fit’ to its existing portfolio, offering ‘genuinely tailored experiential travel’.

The deal is 3i’s second UK investment this year, illustrating how buyout firms are becoming more selective, according to the FT.

Chief executive Ian Simkins, chairman Richard Prosser and the rest of the management team will remain in place.



 

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Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.



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