Barclays Private Equity has taken a majority stake in ATP International Group, one of the largest independent travel management companies in Europe.
Barclays paid Lloyds Development Capital £73m for the stake in what it said was a "secondary Management Buy Out (MBO)."
Lloyds had backed the original MBO of the company in December 2006.
Graham Ramsey, ATP's ceo, said the development would enable the TMC to "pursue an acquisition strategy."
ATP has offices in the UK, the Netherlands, USA, Germany, France, Norway, Belgium and Dubai and partners in more than sixty countries.
The company has about 5,000 clients operating in various sectors including oil and gas, government, technology, sports and finance and an annual turnover of more than 500m.
John Walker, director of Barclays Private Equity in Manchester, said: "ATP International Group is a fast growing, dynamic and exciting business which is a leader in its field.
"The global business travel market is large at about 400bn per annum and growing with long term growth estimated at 4% per annum.
"ATP has a wide and diverse range of clients with a very low churn rate."
Mr Ramsey said: "We have achieved significant organic growth and achieved No 34 in the Sunday Times Top 100 fastest growing companies backed by private equity in 2007.
"I am very pleased that Barclays Private Equity has made this investment because it will enable ATP to grow organically and pursue an acquisition strategy."
Rezidor reports slight profit rise
Rezidor Hotel Group reported a slight rise in its post-tax profits for the first six months of 2008.
The group said they rose to 14.7m compared to 13.9m for the same period in 2007.
The group said revenue during the six months to the end of June rose by 7.5% from 371m to 398m.
Pre-tax earnings went up from 32.3m to 37.3m.
During the period, Rezidor said its revenue per available room (revPAR) rose by 7.9% to 80.2 but occupancy fell from 67.6% to 66.3%.
Rezidor said all three of its brands, Rezidor, Radisson SAS and Park Inn performed well during the half year.
In the Nordic countries there had been a "solid" growth in revPAr while in Western Europe it had risen by 19% in France, 16% in Germany and 14% in Belgium.
Only in the UK had it lagged behind with a 4% growth caused by the weak pound.
In Eastern Europe there had also been "strong" growth notably in Russia where it rose by 20%.
European cities also showed a strong growth, especially Warsaw (14.3%), Vienna (13.2%), Brussels (11.8%) and Stockholm (9.5%).
Kurt Ritter, Rezidor's president and ceo, said: "Our strategic focus continues to be on growing our portfolio through managed of franchised contracts.