Catastrophe zone journey specialist clinches £40m non-public fairness sale

A journey agent which specialises in transporting help staff to warzones is near altering palms in a deal price about £40m.

Sky News understands that Diversity Travel, which was based in 2008, is on the verge of being bought to Primary Capital, a non-public fairness agency.

City sources stated on Tuesday {that a} transaction could possibly be finalised inside weeks.

Diversity Travel, which works with charities and different non-profit organisations, has helped transport help staff into Ukraine because the Russian invasion, in addition to into Syria and Turkey after the catastrophic earthquake in February which killed 1000’s of individuals.

It has additionally labored in battle zones in international locations from Afghanistan to Yemen.

One journey business govt stated the approaching deal fashioned a part of a wider pattern which was seeing a string of enterprise journey corporations put up on the market.

TAG Group, one other sizeable participant out there, not too long ago employed bankers at Rothschild to supervise a sale course of.

The flurry of offers displays a rebound in post-COVID demand for worldwide journey, based on business analysts.

Houlihan Lokey is known to have dealt with the sale negotiations on behalf of Diversity Travel.

Primary Capital, which beforehand invested in corporations together with Paperchase and Yo Sushi, has been contacted for remark.