Cultural escorted tours specialist Martin Randall Travel has been sold to a private equity firm.
The operator was established 35 years ago and runs around 180 tours a year in the UK, continental Europe, North Africa, Middle East, Asia, India, Japan, Cambodia, Vietnam and the Americas.
It sources travellers from multiple source markets including the UK, US and Australia.
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Founder Martin Randall (pictured) is creative director for the London-based operator, a member of specialist travel association Aito.
Accountancy and business advisory firm BDO acted as advisor on the sale of the company to consumer-focused private equity outfit Piper for an undisclosed sum.
BDO partner Harry Stoakes said: “Martin Randall Travel provides its customers with unforgettable experiences.
“Its tours are one of a kind and we’re delighted it has partnered with Piper Private Equity to back CEO Fiona Harrington to continue to provide its experiences to more customers across the UK, USA and Australia.”
Piper partner Dan Stern said: “We are very excited to be backing the Martin Randall Travel team for the next stage of growth.
“Our consumer insight work shows that people are more eager than ever to invest in their hobbies while seeing new countries and experiencing new cultures.
“As a thought leader unrivalled in its satisfaction levels among clients, Martin Randall Travel is exceptionally placed to benefit from this pent-up demand.”