Deal Details

Investment in Audley Travel

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Summary

About

3i Group plc (“3i”) (LSE: III) has invested in Audley Travel (“Audley” or “the Company”). Terms of the transaction were not disclosed.

Serving clients predominantly in the United Kingdom and United States markets, Audley is renowned for its superior service and destination expertise delivered by its 250 country specialists. The business benefits from high levels of loyalty with a large number of repeat customers and referrals. In 2015, the business is forecast to deliver revenues of c. £165m, representing a 20% increase on the prior year. With offices in London and Witney, Oxfordshire, Audley is the clear market leader in tailor-made travel in the United Kingdom. In 2014, Audley expanded into the United States as a new source market, with the opening of an office in Boston, Massachusetts which has grown rapidly. Audley is headquartered in Witney, United Kingdom.

3i is a leading international investment manager focused on middle-market private equity, infrastructure and debt management across Europe, Asia and North America. 3i has nine offices across Europe, the United States and Asia, and its international presence and extensive network is highly complementary to Audley’s growth opportunities. This transaction is 3i’s second investment in the United Kingdom in 2015, following the investment in Aspen Pumps in February. 3i will support the team to expand the business’ UK presence, use its international network to realise management’s ambitions for the Company in North America and help Audley expand its operations into new geographies. 3i is headquartered in London, United Kingdom.

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