The founder of the private equity firm that has recently taken a stake in both Cruise.co and Neilson Active Holidays has said he is keen to add other travel companies to his portfolio
Speaking at the Elman Wall Travel Directors’ Summit, Luke Johnson of Risk Capital Partners, said he was hopeful that more deals could be done in the sector.
When asked by TTG whether he would consider further acquisitions he said “absolutely”.
“I don’t want to sound cocky or overconfident but so far both the businesses we’ve bought are doing well and we’re pleased with them,” he said.
“I think this is a sector that’s seen as a tough sector and is generally overlooked by many [in] private equity, who considerate it to volatile, risky etc.”
“But I think it’s a very big industry, it’s very fragmented in many ways and there are parts of it that are definitely serious growth [areas] and I believe offer good returns.”
After successfully getting involved with the likes of Patisserie Valerie and Giraffe, Risk Capital Partners made its first foray into travel with the acquisition of a majority stake in Cruise.co in August 2013.