Travelopia prepares sale of education division
Travelopia is to sell its Education Division.
The division incorporates a collection of 10 brands, which work closely with teachers and schools in the UK, North America and Australia to provide educational, adventure and performance-based tours to children and young adults.
The division is led by managing director Brendan Jones.
The sale process will be assisted by external advisors GCA Altium, and follows the acquisition of Travelopia by global investment firm KKR in June last year.
CEO Will Waggott said: "Experiential travel is at the heart of what we do across our Travelopia brands and, as such, we have been evaluating opportunities to further boost our presence in this market.
"Our education division is a fantastic collection of experiential businesses, however, the business model, and therefore the processes and requirements, of these brands differs radically to that of the rest of the Travelopia portfolio, in that for most businesses the customer is the teacher, rather than the final consumer.
"Given there is also growing interest in these businesses from various sectors, we have decided to put the education division up for sale in the spring.
"We are confident that there will be strong demand from potential purchasers and investors to back such a high quality collection of brands with exciting growth potential, and that a great new home will be found for the division outside of Travelopia."
Proceeds from the sale will be re-invested across Travelopia in elements such as enhanced technology and synergistic acquisitions.
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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