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Published on: 8 November 2018

Fruytier Lawyers in Business and CRS advise on Key Travel bolt-on

Fruytier Lawyers in Business and CRS (Charles Russell Speechlys, UK) have advised leading travel management company Key Travel (backed by Elysian Capital) on the acquisition of international humanitarian/faith focused travel management company Raptim. Headquartered in Tilburg, Holland, Raptim has operations in the US, Canada, Netherlands, Switzerland, France, Italy and Kenya together with a franchisee in Denmark and an operating “partner” in Australia. The combination of their business operations will form the world’s largest travel management company exclusively focused on the humanitarian, faith-based and academic sectors. The combined business will have sales approaching £350m and over 500 employees in ten countries.

Saad Hammad, CEO of Key Travel, who is leading the combined businesses, highlighted the economic synergies between the two businesses: “A combination with Raptim is an exciting opportunity for Key Travel. The strategic rationale is strong: undisputed leadership in humanitarian, faith-based and academic travel globally, a doubling in scale in the US and a significant complementary platform in Mainland Europe. Above all, both organisations are people focused and values driven, with emphasis on compassion and service. A combination enables us to serve our customers better, collaborate more effectively with our suppliers and offer more development opportunities for our people.”

Interested to know what Fruytier Lawyers in Business can contribute to your acquisition please contact on of our specialists.

Articles by Koen Wanders

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