Sentio Partners has advised LDC on the sale of CTI, a £77m-revenue, top 25 business travel management company, to Endless LLP.
CTI was established in 1983 as TD Travel, and was rebranded following the purchase of Bristol-based Hotelscene. The company has clients across many sectors and include global law firm Squire Patton Boggs, NSG, WRG and retailers the White Company. LDC first invested into CTI in 2012 and then supported its acquisition of Hotelscene in 2013.
Headquartered in Manchester, CTI has about 125 staff based at offices in Bristol, Hull, Leeds and Liverpool. It is led by chief executive Clive Wratten, a former UK executive at global airline Etihad, who commented:
“I am delighted that Endless have chosen to invest in CTI. To have an investment partner with such a great track record of success is very exciting for the team at CTI. The travel management industry is a dynamic sector and with this new partnership CTI will be able to continue to develop its contemporary and innovative approach to the corporate travel market.”
LDC were advised by Rory Wade and John O’Gara from Sentio Partners and Richard Hunt from Squire Patton Boggs.
