One of the largest online travel investments of the year in Europe, after the Opodo deal, has closed with Palamon Capital Partners taking a majority stake in EnGrande, owner of BudgetPlaces.
London-based Palamon has not disclosed exact terms or the value of the deal, but it is said to be in the region of Euro 30 million.
EnGrande was established in 2003 by founder and CEO John Erceg, initially as a budget accommodation booking service for the city of Barcelona.
Read full story at: http://www.tnooz.com/2011/08/19/news/budgetplaces-lands-euro-30m-investment-from-palamon/
