Vitruvian Partners has backed the Manchester-based company in a “secondary management buyout” from Equistone Partners Europe, which first invested in Travel Counsellors in 2014.
Steve Byrne, Travel Counsellors’ chief executive, told TTG the deal with Vitruvian would “help us to scale the business” over the next few years.
The company had total sales of £512 million last year and is on course for a new record of more than £600 million for its current financial year ending in October 2018.
