.
MergerLinks Header Logo

New Deal


Announced

Booking Holdings to acquire Etraveli Group from CVC Capital for $1.84bn.

Financials

Edit Data
Transaction Value£1,367m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Friendly

Travel and Tourism

travel agents

Sweden

Majority

Acquisition

Cross Border

Private Equity

Pending

Private

Synopsis

Edit

Booking Holdings, an online travel agency, agreed to acquire Etraveli Group, a global technology provider for flights, from CVC Capital for $1.84bn. Completion of the acquisition is subject to certain closing conditions, including regulatory approval. "Booking Holdings pioneered the travel space more than two decades ago and they continue to pave the path forward by developing solutions to create seamless travel experiences. Today is a day of recognition, as well as marking a new phase in our relentless urge to improve further. We are thrilled to become a part of Booking Holdings, and we look forward to the next chapter of our own development as we continue to enhance the flight booking experience for our customers and partners worldwide," Mathias Hedlund, Etraveli CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US