The members only travel club is working with bankers at Peel Hunt on plans to raise approximately £30m of fresh equity, Sky News learns.
Secret Escapes Group is plotting a £30m capital-raising in a bet on the continued recovery of the post-pandemic travel market.
Sources said that Secret Escapes, which owns European travel brands including Travelist, was expected to finalise the funding round in the coming months.It raised roughly £40m during the COVID-19 crisis to shore up its balance sheet and had previously secured more than £100m in backing since its launch in 2011.
The company is chaired by Kate Swann, the former boss of WH Smith and SSP Group, the transport hub catering operator.In its most recent financial results, the company said it was well-positioned to resume its pre-pandemic growth trajectory.
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