Elysian's Key Travel bolts on Raptim

The acquisition is the first bolt-on made by the company under Elysian's tenure and comes six months after the GP acquired Key Travel from Livingbridge with capital drawn from its £250m second fund.

According to a statement, the deal will see Key Travel wholly acquire Raptim and will lead to a consolidated business with revenues of around £350m and a headcount of more than 500 across 10 countries. It will also significantly increase Key Travel's footprint in continental Europe and double its presence in the US market.

Elysian CEO Ken Terry told Unquote that it is likely that further add-on deals will be explored in the coming months.

Company
Founded in 1946 and headquartered in Tilburg, Holland, Raptim is a humanitarian- and faith-focused travel management company. The business has additional operations in the US, Canada, Switzerland, France, Italy and Kenya, in addition to a franchisee in Denmark and partnership agreement in Australia.

People
Elysian Capital – Ken Terry (CEO).
Key Travel – Saad Hammad (CEO).
Raptim Humanitarian Travel – Eduard Kimman (chairperson).

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• Topics
• Expansion
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• Consumer
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