Audley Travel eyes stake sale
Monday 29 August 2011
The founders of Audley Travel, the upmarket holiday company, have appointed corporate finance advisers to sell a stake in the business that could value it at more than £100m.
Craig Burkinshaw and John Brewer have hired the accountancy firm BDO to find fresh investment to help Audley Travel expand overseas.
The company, which employs 170 people, offers "tailor-made trips" to regions including Asia, Africa, the Arabian peninsula, Latin America, and Australia, as well as the Arctic and Antarctica. After graduating from university, Mr Burkinshaw started the company by selling trips to Vietnam.
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