Travel management company CTI Travel has been acquired by private equity investor Endless.
The deal sees Endless secure a majority stake in the Manchester-based TMC as mid-market private equity house LDC make a substantial exit.
LDC, which first invested in CTI in 2012 and backed its acquisition of Hotelscene in 2013, will retain a small equity stake.
CTI employs around 125 people across offices in Manchester, Liverpool, Hull, Leeds and Bristol.
CTI Chief Executive Clive Wratten said: “I am delighted that Endless have chosen to invest in CTI. To have an investment partner with such a great track record of success is very exciting for the team at CTI."