The management team from the corporate event and travel company has been backed by investment firm LDC to the tune of £16m, further funding is being provided by Lloyds TSB.
ATP is one of the fastest growing in Europe and has offices in the UK, Netherlands, Belgium, France, Norway and the USA.
The business specialises in managing complex travel arrangements for clients in wealthy sectors such as energy, finance, law, sports and government.
The group also provides conference and event management services, specialist sports & leisure packages and e-commerce applications.
Profits have grown rapidly over the last four years with current gross revenues in the region of £370m.
John Donaldson, former deputy chairman of Thomas Cook and current non-executive chairman of LateRooms.com has been appointed non-executive chairman as a result of the deal.
Chief executive Graham Ramsey, who led the MBO, said: “Our focus on providing high quality customer service backed by market leading technology has enabled the business to generate significant customer loyaltand grow revenues consistently in recent years.
“The backing of a professional investor like LDC allows us to accelerate that growth with confidence.”
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