INVESTMENT YEAR
2005
REALISATION YEAR
2016
SECTOR
Services
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Strategic travel management company

Reed & Mackay provides business travel services to many of the City’s top legal firms and companies within the finance and insurance sectors.

We invested to enable the founders to realise a return and allowed new members of the management team to participate in the equity of the business. During our investment, the group saw exceptional growth into new markets, supported by a strong team and IT infrastructure.

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From the start of the journey together
130
full-time employees in 2005
to the company at realisation
397
full-time employees in 2016
Building the best
97
% client retention rate – March 2016
Client base grew over 68% from 2011 to 2016.

The right tools for growth

Talent
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We backed the strengthening of the management team, with the appointment of a new Finance Director and a new Non-Executive Chairman, both with extensive experience in the travel sector.

Internationalisation
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We helped the group expanded its global presence with new offices opening in Scotland, the US and the UAE. The group expanded into new sectors including oil, gas and exploration and the media industries. They also continued to develop the existing market in core city business sectors.

Tech enablement
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We backed a significant investment in IT infrastructure that supported growth. This included developing technology tools such as a market leading online booking tool, traveller app and travel risk management platform.

Reed & Mackay timeline

1962 Reed & Mackay founded
2005 Livingbridge invests
2007 Launches i-Q, an in-house developed next generation IT platform
2011 Livingbridge reinvests alongside another private equity house
2016 Livingbridge realises investment