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Travel Counsellors: Private equity firm Vitruvian confirms takeover

News
James Chapple
1 June 2018

Travel Counsellors has been bought by private equity firm Vitruvian Partners in a deal understood to be worth around £250 million.

CEO Steve Byrne revealed Travel Counsellors had taken on more than 50 ex-Thomas Cook staff

The homeworking agency said on Friday (June 1) Vitruvian had backed the company in a “secondary management buyout” from Equistone Partners Europe.


Equistone injected around £100 million into the business in October 2014 in a move led by chief executive Steve Byrne.


Travel Counsellors founder David Speakman separately announced on Friday he had sold his remaining interest in the business he founded in Bolton in 1994.

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