Alcuin Capital Partners announced its investment in On The Go Tours.
Established in 2000 with offices in London, Brisbane and Johannesburg, as well as a presence in New Zealand, Canada and the US, On The Go Tours is a global escorted tour operator in the experiential travel market offering over 1,000 tours across 65 destinations.
On The Go Tours’ managing director, Carl Cross, said: “After having grown the business significantly over the past three years, this new investment is the start of a new phase in the life of On The Go Tours. It will allow us to take important steps to elevate the business to the next level. My senior leadership team and I are invested in the business and incredibly excited about our future path. Over the past few months we have worked closely with Alcuin and feel extremely fortunate to have found partners who not only share our vision for further growth, but our commitment to all distribution channels and quality of the customer experience that On The Go Tours is known for.”
Adrian Lurie, Alcuin Capital Partners, added: “On The Go Tours’ successful growth is testament to its excellent team, product, partners and service. We are delighted to be joining Jay and Scott as fellow shareholders and we are excited to have the opportunity to work with Carl and his team to continue to expand the business in the coming years.”
The tour operator sold a majority stake to private equity investor Alcuin Capital Partners for an undisclosed sum.
After setting up the company 20 years ago, founders Jay Lakshman and Scott Braidwood remain as shareholders of the business.
Alcuin was advised by Taylor Wessing (legal), Armstrong (commercial), KPMG (financial), BDO (tax).