Liberty is pleased to announce that Inflexion has partnered with management to invest in Reed & Mackay in a transaction that will see ECI and Livingbridge exit their investment.
Liberty Corporate Finance provided management advice to Fred Stratford, Tracy Baumfield, Matthew Everson, Joe Hanly and the wider management team. Reed & Mackay is a premium corporate travel management company delivering a personalised service through cutting edge technology. Reed & Mackay’s strategic travel management services focus on law firms, insurance companies, finance houses and the Energy Sector.
In the year to March 2016 Reed & Mackay handled nearly 600,000 client travel transactions.
Headquartered in London the business has recently opened offices in Scotland, the US and the UAE. Inflexion is backing the ambitious management team to further drive organic growth, both in the UK and selected international markets, together with targeted acquisitive growth to support expansion of its international footprint. Inflexion’s Value Enhancement team is already working with the management team to support further development of the company’s leading technology infrastructure. Fred Stratford, CEO of Reed & Mackay, commented: “It was a pleasure working with Mick McDonagh and the Liberty team. They really understood our business and provided invaluable assistance to the management team throughout the process”