The Albatross Group is a market-leading wholesale travel organisation, promoting its tours exclusively to the travel industry. The Group was established in the UK in 1985 and currently handles the travel arrangements for over 5,000 leisure groups every year. It will generate sales of over £27 million in the current financial year and has subsidiaries that operate in Europe and Australia.
Strategic Corporate Finance acted as lead deal advisers, to the buy-out team of Sean Taggart and Steve Hornby, on the management buyout of the award winning Albatross Travel Group. We raised finance from the Co-operative bank in Leeds and Private Equity Investment Vehicle, the Cornell Group. We were delighted to have led the negotiations and to have successfully raised the funding for what was a complex transaction.