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New Deal


Announced

TripActions to acquire Reed & Mackay from Inflexion.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

Acquisition

Private Equity

Pending

United Kingdom

corporate travel services

Corporate Travel Services

Private

Majority

Single Bidder

Synopsis

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TripActions, a US headquartered business travel and spend management platform, agreed to acquire Reed & Mackay, a corporate travel management and events business, from Inflexion, a private equity firm. Financial terms were not disclosed. "Inflexion were a tremendous partner, with their experience in international growth organically and acquisitively a real boost to our development. Their unwavering support as business stalled in 2020 was crucial; they helped us manage the business in very difficult circumstances and kept us looking ahead so that we are well placed for the return of travel. We look forward to our next phase of growth with TripActions," Fred Stratford, Reed & Mackay CEO.

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