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Venture capitalists eye Travel Counsellors

Venture capitalists are circling around Travel Counsellors
following the decision by founder David Speakman to take a back
seat at the homeworking agency.

HgCapital has sounded out a number of senior industry figures
about the business, which turned over £128 million last
year.

Travel Counsellors has also revealed it has been approached by
other investment companies that want a stake in the business.

Managing director Steve Byrne said: “There is a lot of
interest in the company from the private equity market.”

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