The Hogg Robinson Group (HRG) successfully floated on the London Stock Exchange this week – but at a reduced share price than originally intended.
In what has been a busy week for the travel management company, Hogg also announced new partnerships in Belgium, the Netherlands and Argentina.
HRG re-launched its initial public offering (IPO) at 90p a share, compared with the 140-220p a share it sought in its original launch in September.
This was withdrawn with HRG citing "present market conditions" after it failed to attract the expected interest.
The new offering gave HRG a provisional market capitalisation of £275m.
The offer comprised 200,000,000 new Ordinary Shares and 44,444,426 existing Ordinary Shares representing 80% of the company's share capital.
The Ordinary Shares were bought by institutional investors.
The flotation has left Permira, HRG's majority owner, with a holding of about 18% and the HRG management team with a holding reduced from 11% to 2%.
David Radcliffe, ceo of HRG, said: "We are delighted the Global Offer has been so well received by investors and that Hogg Robinson Group has returned to the market.
"We believe the listing will raise our profile as a global support services company which operates in the corporate travel and related services market.
"The listing will also enhance our strategic flexibility as we move into the next phase of the Company's development."
HRG's new partners in Belgium and the Netherlands are, respectively, Weinberg Travel and Business+ Travel Group.
Both have immediately re-branded as HRG Belgium and HRG Netherlands.
HRG was left with a gap in this market after it split from its Amsterdam-based partner, now operating as BCD Travel, earlier this year.
Mr Radcliffe said: "We've been working with both Weinberg Travel and Business+ Travel Group for some months now and have formed good working relationships with them.
"I'm therefore delighted to formally welcome both companies to the HRG worldwide network."
The new partner in South America is Furlong-Fox, based in Buenos Aires. It has re-branded as HRG Argentina.