The management and ICG partner in the management led tertiary buy-out of ATPI

Published on 2013-01-08 16:09:13

UNITED KINGDOM, 17 December 2012 - The Management team of ATPI, and Intermediate Capital Group plc (ICG), the FTSE 250 alternative investment firm and Asset Manager, have announced a new private equity partnership to complete a tertiary management buy-out.

The move follows a four year investment period with current private equity partner Equistone. ICG are investing junior debt and equity.

The partnership with ICG will also see ATPI refinance their funding package with banking support from a consortium comprising Lloyds, ING, HSBC, RBS, Investec and Bank of Ireland.

ATPI is an International travel and events management company which provides services across all key industries and specialising in Marine, Oil & Gas and the professional services sectors.

A record of long term customer relationships has been achieved by a complete understanding of its client's requirements and a focus on service, the provision of information and management of clients travel costs.

Graham Ramsey, CEO of ATPI said:

"We are very excited about the future role that ATPI can play in the business travel and events market place. We now have an international footprint in over 37 countries which means we can provide innovative solutions to our clients on a truly global basis. We are delighted to partner with ICG, who have provided us with a unique financing structure which will give us a strong platform for future growth and expansion. Working with my highly experienced management team, and our new partners ICG, I look forward to building on our strong track record of growth and innovation and continuing our success long into the future".

Matthew Robinson, Investment Director of ICG said:

"We are delighted to be partnering with ATPI's management team. Over the last decade the team have built a business that is very well placed to continue to serve an increasingly global business travel market place. Innovative client solutions, managing complex travel needs cost effectively and a strong customer service proposition has helped enabled ATPI to differentiate itself. It has demonstrated a strong financial performance in a difficult economic environment and is well positioned to drive further growth."