Specialist operator acquired by private equity group

Tuesday, 03 Sep, 2018 0

Specialist operator On The Go Tours has sold a majority stake to a private equity investor.

Founders Jay Lakshman and Scott Braidwood have agreed to sell to Alcuin Capital Partners for an undisclosed sum.

They remain shareholders and will stay on the board.

Braidwood described the partnership as ‘absolutely the right fit’.

Managing director Carl Cross said: "After having grown the business significantly over the past three years, this new investment is the start of a new phase in the life of On The Go Tours.

"It will allow us to take important steps to elevate the business to the next level. My senior leadership team and I are invested in the business and incredibly excited about our future path."

The company was set up in 1998 and now has offices in Brisbane and Johannesburg in addition to its London head office. It also has representation in Canada, New Zealand and the US.

It now offers tours to 60 countries, with five product ranges from budget to upmarket.

Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.

Since 1932, P&O Cruises has offered Aussies and Kiwis the opportunity to take to the seas and have the holiday...

Located in the heart of the Northeast and within easy driving distance of a third of the population of the...

Cunard is the operator of luxury cruise ships Queen Mary 2®, Queen Victoria® and Queen Elizabeth®. Renowned for impeccable White...

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

The Polish Tourism Organisation (Polska Organizacja Turystyczna – POT) is one of several dozen national tourism organisations operating in the...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed...

In the heart of Europe, in one of the most innovative cities in the world, at the centre of business,...

The State of Michigan is blessed with the riches of unspoiled nature: the nation’s longest freshwater coastline, lakes that feel like...

We’re here to provide the very best experience in train travel. From booking your ticket, to asking us a question...

Via Croatia is a concierge-type, full-service luxury DMC working exclusively with travel agents and luxury tour operators. With 20 years...

Some describe it as a natural playground. Some say, it’s simply unique as it offers a great array of travel...

The Detroit Metro Convention & Visitors Bureau (DMCVB) is the only organization that promotes metro Detroit regionally, nationally and...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...

Our Mission Ecommerce has transformative powers, and we believe everyone should be able to take part. But outdated solutions and...

Traveltek is the world-leading provider of online solutions for the travel trade, from consumer-facing websites to call centre applications. We...

Why Avalon Waterways: Happiness flows on an Avalon river cruise. From Asia to South America and Europe to the Nile,...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...