- Quinn advises Inflexion on their Investment in Griffin Global
Quinn Advises Inflexion on their Investment in Griffin Global
The Quinn Partnership, the UK’s leading provider of Management Due Diligence has advised Inflexion Private Equity in their investment in travel specialists Griffin Global Group. The transaction was led by John Hartz, Christian Hamilton, Gareth Healy and Andrew Leek for an undisclosed sum.
Founded in 1971, Griffin Global Group is the global market leader in the provision of specialist travel services to the marine, offshore and cruise industries, arranging travel for crews rotating onto merchant ships, to oil and gas hubs and to cruise ships.
With 31 strategically located offices, global resources and experience they are well equipped to manoeuvre large multi-national crews at short notice, with complex routing and visa requirements, this has resulted in long term customer relationships and strong market share growth. By providing a completely outsourced service this enables clients to eliminate the fixed cost of an in-house travel desk.
The investment is structured to allow both the buyout of the estate of a deceased founder investor and to realign the equity interests of the ongoing management team.
John Hartz, Managing Partner of Inflexion Private Equity said: “Griffin is an excellent example of the type of business that Inflexion seeks to invest in: a leader in a niche market which delivers a vital service to its customers, resulting in high barriers to entry and a strong record of expansion. We look forward to working with the management team to optimise the numerous growth opportunities they have created.”
As part of the transaction, Dick Porter, former CEO of STA Travel will join Griffin as non-executive Chairman.
Mike Stiles, Director at The Quinn Partnership commented “This is a highly engaged and driven Management team with a partnership focussed approach. With Inflexion’s support they are well equipped to generate further growth and success in the next stage of the company’s development.