Long haul operator taken over
Luxury travel company Original Travel has acquired bespoke long-haul tour operator Tim Best Travel for an undisclosed sum.
Both Original Travel and Tim Best Travel claim to have seen uninterrupted growth since their inceptions in 2003 and 1994 respectively.
Revenues at Original Travel have grown at a compound annual growth rate of 75% since launch while Tim Best Travel has experienced 15-20% revenue growth over the last few years.
Original Travel, which offers trips to 84 countries, raised private equity capital in 2007.
Prior to starting Original Travel co-founder Nick Newbury worked as a corporate financier with ING Barings and Dresdner Kleinwort Wasserstein, Alastair Poulain was a venture capitalist with Sun Capital Partners and prior to that in the army where he spent two years as Equerry to HRH the Prince of Wales, and Tom Barber was a journalist.
Phil Davies
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