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Key Travel gets new investment partner
Key Travel has secured a new investment partner for the ‘next phase’ of its ‘growth journey’.
Former investment partner, Livingbridge, which supported a management buyout of Key Travel in 2013, has come to an end of its investment cycle.
The travel firm said the new investment partner, Elysian Capital, is ‘excited by the opportunity to ramp up our global expansion and to enhance our engagement with both customers and suppliers’.
"They are wholly committed to our core focus of working closely with travel suppliers and partners to reduce travel cost and complexity for our educational, humanitarian and faith customers," it said.
"They are very enthused about our aims and values, and are looking forward to supporting us through our 40th Anniversary in 2020 and beyond."
Saad Hammad, CEO of Key Travel, will stay on to oversee future development.
Key Travel operated in 54 countries and has seven offices in the UK, Europe and the US, working with 1,900 clients including WWF, ActionAid and Oxford University.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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