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CTI Travel acquired by private equity investor

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."


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