Alpha Prospects to acquire two further travel companies

Alpha Prospects to acquire two further travel companies

Alpha Prospects is on the verge of acquiring two further travel companies to add to its portfolio.

The company, which was set up to acquire travel businesses, already owns Seligo, Majestic Travel and Unpackaged Holidays and last month bought direct-sell operator Travel Club of Upminster.

Chairman and director Steven Freudmann said the acquistions would be companies that work with the travel trade.

He said: “We are in negotiations to acquire two companies and are in the process of raising revenue with potential investors. We hope one will be announced later this month and the next one in April. Both are companies that deal with the trade.”

Freudmann added that following its most recent acquisition, the Travel Club of Upminster will now make its product available for sale through the trade, mainly upmarket independent travel agents. It has annual passenger carryings of around 10,000 and specialises in Greece, Spain and Portugal holidays and was founded by Harry Chandler, a former ABTA president.

He said: “People are moving back to the trade to book holidays and seeking more comfort and advice from agents. The Travel Club of Upminster offers specialist quality product that will be well sold and supported by the trade.”

Meanwhile, Freudmann has just stepped down as director of Unpackaged Holidays following advice from the City that it was not appropriate to be a director of both the parent company and its subsidiary. “In my job as chairman I need to hold the subsidiary companies to account and to do this I need to be at arm’s length,” he said.

More information:

Alpha Prospects acquires Unpackaged Group (Travel Weekly, February 2008)

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