Piper PE and Cool Japan Fund have backed a management buy-out of Inside Travel Group
Inside Travel Group (ITG) has been sold to Piper PE and Cool Japan Fund. This acquisition aligns with ITG’s goal of becoming the leading specialist in tailor-made and group tours across Asia. Piper PE and Cool Japan Fund will continue to support ITG’s founders and management team, driving the business’ growth in Japan and other Asian destinations.
Piper PE invests in fast-growing brands with sales of US$6–63 million (£5–50 million). As a diverse team of investors, brand strategists, digital innovators and talent and culture experts, it has helped over 50 brands become industry pioneers across 70 countries. In addition, Piper has driven high online growth and opened more than 250 experiential spaces for people to shop and socialize. Cool Japan Fund is Japan’s sovereign wealth fund focused on investing in businesses that promote Japanese culture around the world.
Inside Travel Group, an award-winning cultural adventure tour operator, specializes in tailor-made holidays to Japan and Asia. It has a team of passionate experts across offices in the UK, Australia and the USA. The team prioritizes customers’ holiday experience and provides the best recommendations for the ideal time to visit. Over the past 20 years, they have established a reputation for delivering exceptional service and continuously improving the business.
Oaklins Cavendish, one of Oaklins’ member firms in the UK, advised Piper PE and Cool Japan Fund on their investment in Inside Travel Group. This transaction builds on the team’s extensive long-term credentials in the travel sector.



Dan Stern
Partner, Piper PE
Talk to the deal team
Related deals
Hemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreOGD has been sold to Building Beyond Technology Group
Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.
Learn moreThe Providence Projects has been acquired by UKAT Group
Celebrity-success rehabilitation center, The Providence Projects, has joined The UK Addiction Treatment (UKAT) Group, backed by Sullivan Street Equity Partners.
Learn more