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New Deal


Announced

Flight Centre Travel acquires Ignite Travel Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned49%
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

tour operation

Private

Pending

tourism

Travel and Tourism

Acquisition

Friendly

Single Bidder

Synopsis

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Flight Centre Travel Group, a leading tourism and transport firm acquires the remaining 51% stakes in Ignite Travel Group, an Australian holiday package provider. Financial terms were not disclosed. “Expanding our presence through the Flight Centre network will not only benefit our travel partners, but will also help attract a new customer segment to FLT and to bring this new product range to other markets internationally,” Randall Deer, Ignite Managing Director.

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