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New Deal


Announced

Completed

Big Red Group completed the acquisition of Experience Oz and Experience Oz Local Agent from TicketMates.

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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Australia

Software

Single Bidder

hotel booking

Acquisition

travel app

Domestic

Friendly

entertainment application

Completed

Private

Majority

Synopsis

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Big Red Group, an experience marketplace, completed the acquisition of Experience Oz, a platform to book tickets for theme parks, activities, attractions, tours and things to do, and Experience Oz Local Agent, an Australian owned and operated online tour desk system, from TicketMates. Financial terms were not disclosed. "We’re delighted to welcome Experience Oz and Local Agent into our portfolio of experience brands. This is a natural evolution that has been in the workings for over a year. And while Club Connect will continue to procure its existing products directly, we have negotiated a long-term wholesale agreement enabling Big Red Group experience suppliers to be progressively introduced to the portal, giving them exclusive access to auto-club’s 11m members," David Anderson, Big Red Group CEO.

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