The management team of UK-based travel management business ATPI has bought the company from Equistone with support from ICG.
ICG contributed junior debt and equity to the management buyout in exchange for a minority stake. A consortium comprising Lloyds, ING, HSBC, RBS, Investec and Bank of Ireland refinanced ATPI's funding...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board