Simpson Travel managing director Ed Pyke told Barclays Travel Forum delegates on Wednesday (9 May) it took the villa specialist two years to find an investor and then complete the sale of an undisclosed stake in the business, eventually inking a deal with private equity firm Risk Capital Partners in March.
Expect M&A activity to take twice as long as anticipated, travel told
Destinations
Ilaria Grasso Macola
9 May 2024
Travel professionals looking to sell their businesses, or acquire another, have been told to think carefully about how long they would ideally like and anticipate the process to take – and then double it.
A flurry of travel M&A activity is expected this year (Credit: iStock)
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