Add-on Acquisition • Transportation

Navan Acquires Reed & Mackay

On May 5, 2021, Navan acquired transportation company Reed & Mackay from Inflexion

Acquisition Context
  • This is Navan’s 1st transaction in the Transportation sector.
  • This is Navan’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date May 5, 2021
Target Reed & Mackay
Sector Transportation
Buyer(s) Navan
Sellers(s) Inflexion
Deal Type Add-on Acquisition

Target Company

Reed & Mackay

London, United Kingdom
Reed & Mackay delivers corporate travel and event solutions for professionals with exacting needs. Established as a family business nearly 60 years ago, Reed & Mackay is globally recognized as business travel and event solution experts. Reed & Mackay combines inspired service with state-of-the-art technology to create a level of travel management like no other and deliver value that one might not believe possible. Reed & Mackay was formed in 1962 and is based in London.
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Buyer Overview 1

Buyer

Navan

Palo Alto, California, United States

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Navan is a cloud-based T&E platform that combines industry-leading tech with best-in-class travel agency service. Navan empowers organizations with real-time data to make business decisions, paired with flexible T&E management tools that enable them to adapt to changing market conditions to keep traveling employees safe, control costs, and save money. Navan was founded in 2015 and is based in Palo Alto, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Transportation 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


Deal Context for Seller #
Overall 38 of 63
Sector: Transportation 1 of 1
Type: Add-on Acquisition 15 of 31
Country: United Kingdom 38 of 62
Year: 2021 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Curinos

New York, New York, United States

Curinos is a data, analytics and technology company servicing financial institutions, globally. Curinos delivers the depth and breadth of intelligence across consumer and commercial deposits, omnichannel digital experience and real estate lending markets needed to assess one’s competitive position, and make more profitable, data-drive decisions, faster. Curinos was founded in 2021 and is based in New York, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 ANS

Manchester, United Kingdom

ANS is a company of the fastest moving and most innovative digital and cloud experts. The company makes business deliver genuine end-to-end digital transformation from cloud enablement, right through to solving your biggest business challenges with low-code or bespoke apps, to using your data to make intelligent business decisions. ANS was formed in 1996 and is based in Manchester, United Kingdom.

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