The management team of ATP have completed a buy out of the company in a €63 million deal.
As part of the deal, Lloyds TSB Development Capital has invested €24 million into the travel and event management company.
Formerly owned by a subsidiary of Dutch investment company Reggeborgh, ATP has offices in the UK, Netherlands, Belgium, France, Norway and the USA.
The buy-out was led by APT group chief executive Graham Ramsey and group commercial and operations executive John Jansen. LDC Investment Directors Ray Stenton and Jonathan Bell both join the ATP board.
John Donaldson, former deputy chairman of Thomas Cook and current non-executive chairman of LateRooms.com, has been appointed non-executive chairman.
Stenton said: “ATP is a successful niche player in a consolidating market with a high calibre management team in place. Its number two status in Holland and growing presence in key strategic UK markets provide an excellent platform for continued organic growth.”
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