UK - Inflexion backs Griffin
Inflexion Private Equity has invested an undisclosed amount into specialist travel business Griffin Global Group, to back the acquisition of the estate of a deceased founder.
HSBC provided a senior debt package to support the transaction.
Griffin provides specialist travel services to the marine, offshore and cruise industries globally, providing last minute inexpensive travel solutions to crews. Customers include ship owners, ship managers and oil and gas managers.
Headquartered in London, the company employs 712 people across its 31 offices internationally. Griffin was founded in 1977, and has since expanded to deliver over £300m of annual revenue.
Inflexion plans to help the company expand into the mining, alternative energy and missionary markets, as well as geographically into the Middle East.
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