Speakman on Friday (June 1) confirmed a deal had been completed on Thursday evening (May 31).
The agency has long been a target for private equity firm Vitruvian Partners, who TTG understand to be preparing to announce a full buyout, potentially worth around £250m.
UPDATE: Travel Counsellors confirms secondary management buyout by Vitruvian Partners
“Last night, a deal was completed in which we sold our remaining interest in Travel Counsellors,” said Speakman in an email, co-signed by his wife Maureen.
