Hamilton Portfolio, the private equity vehicle founded by travel industry entrepreneur John Boyle, has made its biggest ever gain with the £14 million sale of Global Expense to American technology company Concur.
Hamilton Portfolio, the private equity vehicle founded by travel industry entrepreneur John Boyle, has made its biggest ever gain with the £14 million sale of Global Expense to American technology company Concur.
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SIMON BAIN
Hamilton's investment, £1.6m of equity over a 10-year period, was enhanced by hands-on involvement with the group as it built a blue-chip customer base in the then unfashionable area of corporate expense management.
"The MPs' expenses scandal helped," Mr Boyle said. "Instead of expenses being a housekeeping matter, it became a moral compass of how you run your company. People realised it can be very damaging and they had to take it a bit more seriously."
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