The travel sector is bubbling with dealmaking activity in recent months, which has been welcomed with open arms by one family. Dominic Speakman, founder of luxury travel company Destinology, sold his business to newly-floated over 50s company Saga for £20m earlier this month.
It has since emerged that his father, David Speakman, has hired bankers at Rothschild to sell his leisure business, Travel Counsellors, for an estimated £100m.
Travel Counsellors, which started 20 years ago, has more than 1,200 agents worldwide. The company has developed its own in-house technology platform that allows agents to build tailor-made holidays.
Private equity businesses are said to be circling travel companies that have adapted away from bricks-and-mortar travel agents to online meta-searches.
Cheapflights owner Momondo Group has hired corporate finance boutique Arma Partners to explore a sale, which could value the business at around £150m.
Lastminute.com, the original dotcom darling founded by Baroness Lane-Fox and Brent Hoberman, is also working with bankers at Houlihan Lokey on an auction of the business.
Private equity firm Inflexion is also considering a £200m flotation of its short-haul travel website, On the Beach.
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