Travel Department is Ireland's leading tour operator for guided group holidays.
Established over 25 years ago, Travel Department offers c.130 tours across 38 countries from departure points in Ireland, Northern Ireland, Scotland and southwest England. The business has a very strong brand with high levels of repeat bookings and strong cash generation. MML Ireland supported the CEO, Sara Zimmerman, to lead an MBO and create a significant equity pot for the broader management team. Travel Department's founder, Bob Haugh, also reinvested a material amount in the deal alongside MML Ireland and management. Since investing, MML Ireland has helped implement a new board structure with a new Chairperson, recruit a new CFO, and is currently working with the management team to navigate through the impact of Covid-19 on the business.
MML Ireland Fund I
Republic of Ireland
Travel & Leisure
For investors in MML Ireland Fund I, MML Ireland Fund II & MML Fund VI
For investors in MML Fund VII