Inflexion sells Reed & Mackay to TripActions
Inflexion is pleased to announce that it has sold its investment in Reed & Mackay, a premium corporate travel management and events business, to TripActions, a US headquartered business travel and spend management platform. The deal follows a nearly five-year partnership which saw the business grow strongly and adapt to the pandemic trading situation.
Inflexion invested in Reed & Mackay in 2016 and supported its UK and international growth both organically and through acquisitions in the UK, Germany, France, Australia and Chicago. The firm also opened new offices in New York, California, Toronto, Singapore, Amsterdam and most recently India, with the support of Inflexion’s country expert in Bangalore. Our digital team also supported the development of Reed & Mackay’s digital customer facing offering, which provided an enhanced user experience and drove online sales and higher margins.
Reed & Mackay benefits from a strong, international, tech-enabled service offering and saw significant growth after our buyout until the start of last year. Whilst the travel industry was understandably badly hit by the pandemic, we worked closely with management to help them navigate the challenging market. Reed & Mackay are well placed as the travel market re-opens and we wish them all the best for their continued growth.
Simon Turner,
Managing Partner, Inflexion
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