Home > Home > eDreams gets new owner after switch to Permira private equity for Euro 300M

eDreams gets new owner after switch to Permira private equity for Euro 300M

07/30/2010| 9:56:42 AM| 中文

More big money moves in the world of online travel agencies with news that Spanish giant eDreams has changed ownership in a deal for around Euro 250 million-300 million.

A majority stake in the Barcelona-based OTA was sold yesterday by US private equity firm TA Associates to UK-based counterpart Permira.

The fee was not disclosed, but the Financial Times estimates the transaction was worth up to Euro 300 million, almost double the Euro 153 million TA paid for the business in 2006 from a group of venture capital firms.

Read the full story at http://www.tnooz.com/2010/07/28/news/edreams-gets-new-owner-after-switch-to-permira-private-equity-for-euro-300m/

TAGS: eDreams
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