Alt + 0 press return (ATP - The Advanced Travel Partner)

(Alt + 2 press return) Business Travel, Booking Tools, New Accounts, Existing Accounts (Alt + 3 press return) ATP Select, Luxury Holidays, Bespoke Personal Service (Alt + 5 press return) Events & Experiences (Alt + 6 press return) Hotels (Alt + 7 press return) Visas & Passports :: RESTRICTED ACCESS :: (Alt + I press return) ATP UK Intranet
Back to previous page
ABTA - 54570
IATA - 91244440
ATOL - 5017
BSI
 



 


 
 
ATP INTERNATIONAL GROUP ACQUIRES INSTONE INTERNATIONAL
ATP International Group, the multinational UK owned corporate travel provider, backed by its private equity partner Barclays Private Equity, announces its conditional purchase of 100% of the share capital of Instone International one of the world’s leading marine fares specialists. The combined group will have worldwide revenues in excess of €750 Million with a branch network covering 20 countries plus a worldwide partner network.

The acquisition of Instone will position ATP as one of the world’s leading travel management companies. Group Chief Executive Graham Ramsey commented on the deal:

“Instone International is the perfect fit for us and for our company culture; both organisations are top players in their respective fields and both will benefit substantially from wider service opportunities and a substantially increased global footprint. The opportunities this creates for our clients, staff and suppliers will make this an exciting deal for ATP and for the industry.

“It is also highly significant that in these difficult financial times ATP’s investors have recognised the quality of our team and our proposition sufficiently to support our continued growth.”

Instone International has a strong history in the travel business, tracing its roots back to 1919. Egil Skibenes, Instones’ Chairman said:

“This is a joyous moment in Instones’ history – and for all of us. Instone has been courted for quite some time and to have found a suitor, who would be our suitor of choice, is more than we could have hoped for. ATP is renowned for its quality offering and as such has become a leading corporate travel specialist. We are confident that they are the perfect custodians for a marine travel brand and a culture that stretches back nearly a century, we look forward to developing our joint offering and building a successful future together.”

Deal Summary

Acquirer – ATP International Group supported by Barclays Private Equity

Bankers
Lloyds TSB
ING Bank

Advisors
Deloitte Corporate Finance
Addleshaw Goddard
Jeremy King
Head of Marketing
ATP The Advanced Travel Partner
10 Leake St
London
SE1 7NN
Tel: +44 (0) 870 990 6900
Fax: +44 (0) 207 803 3055
Mob: +44 (0) 776 525 4550
E-mail: jeremy.king@atpi.com

Siren PR
Charlene Sarao
One Lyric Square
London
W6 ONB
Tel: 020 3008 6280
Fax: +44 (0) 207 603 2424
E-mail: Charlene.Sarao@Sirenpr.co.uk
Accessibility Data Protection Act
This site operates under UK regulations and is operated by a company registered in the UK. Copyright 2010 – Advanced Travel Partners (UK) Ltd. Advanced Travel Partners (UK) is not responsible for content on external websites & ABTA protection does not apply.