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Travelzest raises £1.5m
Travelzest has raised around £1.5 million before expenses through the issue of shares.
The company intends to use the proceeds to continue its strategy of acquiring niche travel operators.
Chris Mottershead, chief executive, said: “We are delighted to have completed this fundraising, which continues to demonstrate the strong support of our shareholders and will give Travelzest greater flexibility when looking at future corporate opportunities.
“Travelzest’s strategy of targeting niche travel operators and developing the proposition through both operational and distribution enhancements is evidenced by the results we have achieved with the current portfolio and we look forward to the future with confidence.”
By Bev Fearis
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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