A journey agent which specialises in transporting assist staff to warzones is near altering fingers in a deal price about £40m.
Sky News understands that Diversity Travel, which was based in 2008, is on the verge of being bought to Primary Capital, a non-public fairness agency.
City sources mentioned on Tuesday {that a} transaction could possibly be finalised inside weeks.
Diversity Travel, which works with charities and different non-profit organisations, has helped transport assist staff into Ukraine for the reason that Russian invasion, in addition to into Syria and Turkey after the catastrophic earthquake in February which killed hundreds of individuals.
It has additionally labored in battle zones in international locations from Afghanistan to Yemen.
One journey business government mentioned the approaching deal shaped a part of a wider development which was seeing a string of enterprise journey firms put up on the market.
TAG Group, one other sizeable participant available in the market, not too long ago employed bankers at Rothschild to supervise a sale course of.
The flurry of offers displays a rebound in post-COVID demand for worldwide journey, based on business analysts.
Houlihan Lokey is known to have dealt with the sale negotiations on behalf of Diversity Travel.
Primary Capital, which beforehand invested in firms together with Paperchase and Yo Sushi, has been contacted for remark.
Source: information.sky.com”