Cox & King sold 100 per cent of the issued and outstanding shares of Explore Worldwide through its Holidaybreak Plc subsidiary, the company said in a release.
"The sale of this business helps us to further increase focus on our three key verticals - leisure, education and hybrid hotels (Meininger)," Cox & Kings Director Peter Kerkar said.
Explore Worldwide Limited (which includes the brands Explore - soft adventure tours - and RegalDive - diving adventure specialist) generated net revenues of 11.2 million pounds and EBITDA of 2.3 million pounds in FY15.