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Private equity firm buys majority stake in Reed & Mackay

Travel and event management company says it can now focus on international growth

Pictured: Reed & Mackay CEO Fred Stratford

Travel and event management company Reed & Mackay is focused on increasing its international presence following an investment from private equity firm Inflexion.

Previous investors ECI Partners and Livingbridge have sold their investment for an undisclosed sum to Inflexion which has taken a “majority stake” in the business and has a history of backing travel companies with a technology proposition.

Reed & Mackay posted £9.78 million pre-tax profit for the year ending 31 March 2015, up from £7.64m the previous year, after investing in tech. In the year to March 2016 Reed & Mackay handled nearly 600,000 client travel transactions.

ECI Partners first invested an undisclosed sum in the company in 2011, and has since seen client number soar by more than 60 per cent and staff numbers increase by 150. 

Reed & Mackay CEO Fred Stratford said: “It has been an enjoyable and rewarding few years working with ECI and Livingbridge to help strengthen Reed & Mackay’s international footprint and to develop the value proposition in line with client demand. We have achieved a huge amount together and now I look forward to working with Gareth Healy, Mark Williams and the team at Inflexion on our next phase of growth.”

Simon Turner, managing partner at Inflexion, added: “Reed & Mackay is a classic Inflexion investment, with a great team, superior technology platform and superior service driving exceptional growth. We bring experience from across the travel sector both with consumer brands, Scott Dunn and On the Beach, where bespoke technology also played a significant part in growth and differentiation, and corporate travel through Griffin Global Group; all successful multinational businesses.”

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