3i, Europe’s leading venture capital company, can confirm the £22m management buy-out of Leger Holidays from MyTravel. This is a re-investment for 3i who originally backed Managing Director Ian Henry in 1993 selling the business to MyTravel in 2000. The deal was initiated and led by Clearwater International in the Midlands.
“We have maintained a strong relationship with Clearwater International and 3i over the years. This continuous support and the financial backing provided means that we will be able to focus on developing the business. We are confident that we have the right strategy in place to do this.”
“We first met Ian and the team in the mid 90’s when they had raised some growth capital from 3i and helped them sell the business to MyTravel in 2000.