BGF has backed tech-focused Click Travel, Britain’s fastest growing business travel management company, with a multi-million pound investment. This follows a sustained period of technological advances and new client wins.
Headquartered in Birmingham, the business was founded in 1999 by brothers Simon McLean, CTO and James McLean, CFO. Click Travel’s proprietary technology platform, travel.cloud, provides the look, feel and usability of a consumer site alongside services that help businesses reduce the cost and complexity of business travel.
Offering support across hotels, flights, rail, meetings and events, Click Travel manages millions of travel bookings a year for a wide variety of businesses from the FTSE 100 to the public and third sector, as well as offering the travel.cloud platform on a SaaS (Software as a Service) basis for SMEs and businesses who don’t want to be tied to a contract.
Click Travel’s next-generation approach to business travel management has seen the company averaging annual growth of 30 percent since 2012. BGF elected to back Click Travel based on the company’s potential for further growth - already validated by Click Travel’s inauguration into Tech Nation’s Future Fifty, a government-backed programme for late-stage digital businesses that counts Deliveroo, AO and Skyscanner among its alumni.
BGF is the UK’s most active investor in growing businesses, having invested £1.5billion across more than 230 businesses.
PwC Corporate Finance was the lead financial advisor to Click Travel. The PwC team was lead by Matt Waddell and Ian Birch who were supported by James Lander and Rich Sanders. Technology insight on the transaction was provided by Dan Bessant.
“Click Travel has grown rapidly in recent years thanks to a great product and brilliant people. Our mission has always been to reduce the cost and complexity of travel management, which has enabled us to drive the expansion of the business. BGF’s long-term approach is the right fit for our business model and our future plans. Equally important, we have got to know the Birmingham team, their ethos and culture well over the past two years. We are looking forward to working with them and connecting into their wider network.”
"I would like to thank the PwC team - the decision to appoint them was due to the combination of a strong tech insight and our relationships with the local PwC team. It was clear that they really understood us, our business and our objectives. They supported us to find the right deal from the right partner, it was great working with the team!”
“We are delighted to have helped the management team and shareholders achieve a great outcome. Click Travel has undergone a phenomenal growth journey to date and we are excited to see it continue with BGF’s support.”