As part of the agreement, the company has transitioned from a family-owned business to an investor-owned proposition.
The deal – which took two years to complete – saw Pyke promoted to the role of managing director, with former Hotelplan chief Paul Carter coming in to replace Simpson as chair.
He has remained involved with the business in an advisory capacity, while his children Mathew, Daniel and Hannah have retained their roles as product director, commercial director and head of trade sales.
“Simpson Travel is an exciting business and an industry leader in their field of luxury travel, we look forward to watching them further grow the enterprise with the assistance of Risk Capital Partners and this new line of funding,” said Shawbrook financial sponsors director Ciaran Flanagan.
