PE firm acquires £77m-turnover travel management business

Business travel
Private equity investor Endless has acquired a majority stake in business travel management company CTI for an undisclosed sum. The deal marks a substantial exit for mid-market private equity house LDC, which first invested in CTI in 2012 and then supported its acquisition of Hotelscene in 2013. Headquartered in Manchester, CTI has a turnover of £77m, with around 125 staff based at offices in Bristol, Hull, Leeds and Liverpool. It is led by chief executive Clive Wratten, a former UK executive at airline Etihad. Established i... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...