A&O advising TripActions on its acquisition of Reed & Mackay
05 May 2021
Lawyers from Allen & Overy’s M&A team are advising Sillicon Valley-based TripActions on its acquisition of high-end travel, meetings and events business Reed & Mackay.
Since it was founded in 2015 TripActions has seen rapid international growth providing user and technology-first corporate travel and spend management solutions and is now the leading cloud-based travel and events platform. Meanwhile Reed & Mackay has a long-established and globally recognised expertise in business travel and event solutions. The newly combined group will manage USD5 billion in travel budget across its 5,000 global customers in more than 50 markets.
Commenting on the deal, A&O partner Will Samengo-Turner said: “This is a tremendously exciting deal to be involved with and I am delighted we have been able to support the team at TripActions in their acquisition of such a well known name in the sphere of corporate travel. This deal also feels like a much needed vote of confidence for the travel industry more generally as the world emerges from the various pandemic-related restrictions.”
This deal also feels like a much needed vote of confidence for the travel industry more generally as the world emerges from the various pandemic-related restrictions.
Will Samengo-Turner, A&O partner