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New Deal


Announced

Moneysupermarket-backed TravelSupermarket to merge with Icelolly.

Financials

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

Sources

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Tags

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Pending

travel services

Private

Friendly

Domestic

Merger

United Kingdom

Travel and Tourism

Acquisition

Majority

Synopsis

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Moneysupermarket-backed TravelSupermarket, an online comparison service, agreed to merge with Icelolly, a provider of travel services. Financial terms were not disclosed. "The combination of TravelSupermarket and Icelolly.com will benefit customers of both brands with a richer and more diversified offer as the travel and holiday markets recover. As well as unlocking commercial benefits, the creation of a standalone entity under a dedicated management team will give us greater flexibility going forwards to maximise shareholder returns," Peter Duffy, Moneysupermarket Group CEO.

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