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New Deal


Announced

Completed

City Experiences completed the acquisition of Walks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

United States

Domestic

travel tours

Private

Travel and Tourism

Acquisition

Single Bidder

Friendly

Synopsis

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City Experiences, a water- and land-based tourism services provider, completed the acquisition of Walks, a provider of tours & activities. Financial terms were not disclosed. “We’ve long admired the City Experiences industry leadership and commitment to quality, so we couldn’t be prouder to join the crew. I’m particularly excited about the opportunity this presents for Walks to reach more US domestic travelers. The US tours and activities market represents so much untapped potential. We don’t see nearly as many large, multi-destination operators here as we do in Europe. This acquisition aligns with our strategy to reach the elusive domestic market on a scale equivalent to what we do across the pond," Stephen Oddo, Walks Co-Founder and CEO.

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