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3i acquires Audley Travel

Overview

Travers Smith LLP has advised long standing client Equistone Partners Europe and all other selling shareholders on the sale of Audley Travel, a leading provider of tailor-made experiential travel, to 3i Group plc.

Since Equistone invested in March 2012 the revenue of Audley Travel has doubled to £165m in 2015 and is now the clear market leader in tailor-made experiential travel. The sale of Audley Travel is the third successful exit from Equistone's Fund IV.

The Travers Smith team was led by Private Equity partner James Renahan, senior corporate associate Laura Pembridge and corporate associate Richard Hornshaw. The Travers Smith team also included Tax partner Russell Warren and Finance partner Andrew Gregson.

A separate Travers Smith team, led by Private Equity partner Edmund Reed and assisted by senior corporate associate Sonal Patel, advised CEO Ian Simkins and the rest of the Audley Travel management team on their re-investment in the buyer.