Travel company owners looking to sell are set to see a revival of the mergers and acquisitions (M&A) market in the second half of 2020, fuelled by the deep pockets of the private equity industry.
Research from business advisory firm BDO found there has been a “steep” decline in the M&A market during 2019 for UK travel companies specialising in outbound holidays.
BDO said the lack of deals this year has been down to the “uncertainty” around Brexit and the future growth of the UK economy, with potential purchasers adopting a “wait and see” approach in 2019.
