Private equity firm Risk Capital Partners (RCP) has announced the acquisition of an undisclosed stake in Simpson Travel, a UK-based specialist in villas and boutique hotels. Founded in 2002, Simpson Travel curates a portfolio of luxury accommodations across popular Mediterranean and European destinations, including France, Greece, Italy, Spain, and Turkey.
Following the transaction, Paul Carter, former CEO of Hotelplan UK, will assume the role of Chairman on the Simpson Travel board, while Ed Pyke, the current Operations Director, has been promoted to Managing Director. Founder Graham Simpson will continue to provide advisory support to the board.
Pyke expressed his enthusiasm for the opportunity: “I am thrilled to take on the role of Managing Director at this crucial juncture in our company’s journey. With record-breaking years in 2023 and 2024, surpassing pre-pandemic levels, I am confident in our momentum. RCP’s investment enables us to advance our ambitious growth plans, building upon the strong foundation laid by Graham.”
Graham Simpson shared his excitement about RCP’s involvement: “I am delighted to welcome RCP to our team. Their support heralds an exciting chapter for Simpson Travel, ensuring our founding values remain integral to our operations. With an exceptional management team at the helm, I am eager to witness our continued success.”
Risk Capital Partners, known for its investments in travel companies like Neilson Active Holidays and Cruise.co.uk, sees Simpson Travel as a promising brand with a loyal customer base. Luke Johnson, co-founder of RCP, expressed confidence in Simpson Travel’s potential for development.
Incoming Chairman Paul Carter affirmed his commitment to driving growth: “Delighted to join Simpson Travel’s board to steer its next phase of expansion.”
Last year, Simpson Travel initiated trials for a new portal, facilitating travel agents in reserving villas and hotels for their clients, with a 24-hour holding period.
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By Proptechbuzz
By Ravi Kumar
