CTI established in 1983 as TD Travel has over 34 years’ experience in corporate and business travel management. In 2013 following the acquisition of Hotelscene the business was re-branded as CTI.
PPCF advised Endless on the acquisition. The deal marks an exit for mid-market private equity house LDC, which first invested in CTI in 2012 and then supported its acquisition of Hotelscene in 2013.
The new investment will enable the CTI management team to continue to develop its contemporary and innovative approach to the corporate travel market and enable CTI to deliver strong sales and profit growth in future. For Endless this represents an excellent opportunity in a consolidating sector where the intention is to pursue bolt-on acquisitions as part of the investment strategy.