New main shareholder for Portman Travel
Vision Capital has become the principal shareholder in leading UK independent business travel company Portman Travel.
This follows the sale of a portfolio of investments by Bridgepoint Capital for an undisclosed sum.
Bridgepoint has been Portman’s principal investor since 1996. As a result of the sale Ruth Macintosh of Bridgepoint Capital has resigned as a director of Portman and is replaced by Alister Wormsley of Vision Capital.
Portman chief executive Graham Flack said: “The Portman board is delighted to have this new support for our development strategy and we expect to be seeking new opportunities before too long.”
Wormsley said: “Vision Capital specialises in acquiring portfolios of well-established businesses and Portman fits our investment criteria extremely well.
“Portman Travel is a stable, well run and profitable business with a successful track record of integrating new acquisitions to fuel growth. Vision Capital is backing the existing management team to take Portman to its next stage of development.”
Portman acquired P&O Travel in October, taking turnover for the business to over £260 million. Over the past few years Portman has acquired and integrated AA Business Travel, John Cory Travel and Travelforce, among others.
by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
In Italy, the Meloni government congratulates itself for its tourism achievements