Independent operator Simpson Travel has secured new investment and made key senior appointments as part of expansion plans.

Risk Capital Partners (RCP) has taken an undisclosed stake in the company to fund Simpson’s growth strategy of expanding its range of European destinations with exclusive new properties to add to its portfolios in Greece, Turkey, Corsica, France, Italy and Majorca.

Former Hotelplan UK CEO Paul Carter has joined as Chairman, while Operations Director Ed Pyke has become Managing Director.

Founder Graham Simpson (pictured) will remain as an advisor to the Board, while sons Mathew and Daniel, and daughter Hannah, will continue in their respective roles as Product Director, Commercial Director and Head of Trade Sales.  Helen Grace will continue as Director of Marketing and Communications.  

Graham said: “It’s a real pleasure to announce Ed’s promotion to the role of MD.  He is Simpson Travel through and through, with a deep understanding of the expectations of our clients and what makes a Simpson holiday so special.

“I am delighted that RCP are joining the team. There is no doubt their backing presents an exciting prospect. They are as passionate as I am about the future of Simpson Travel and I know that our founding principles will remain at the heart of the business.

“Our reputation is built upon exceptional service and the distinctive quality of our accommodation and I look forward to watching the business go from strength to strength under the leadership of an outstanding management team.”

Ed said: “I am thrilled to be stepping up to the role of Managing Director at this pivotal time in the company’s history.  We have seen record years in 2023 and 2024 to date, as bookings exceed pre-pandemic levels. 

“As one of the UK’s most respected specialist tour operators I recognise the firm foundations and reputation for excellence that Graham has established for Simpson Travel and look forward to building on his legacy to take the company forward.

“The investment and backing of RCP affords a wonderful opportunity to push on with our ambitious growth plans; I am enormously proud of all that we have achieved to date and hugely excited for the future.”

Risk Capital Partners, founded by Luke Johnson, is a specialist investor in hospitality businesses and has successfully backed Neilson Active Holidays, Cruise.co and Elegant Hotels.

Luke said: “We believe Simpson Travel is a terrific brand with a tremendously loyal customer base. We look forward to supporting Ed and the management team in their ambitious plans to develop the business.”