Private equity has returned to travel with news that Hellman and Friedmann has purchased Dublin-based Web Reservations International, the budget accommodation booking service better known for its consumer brand Hostelworld.
WRI is not disclosing the fee paid for the company by H&F but some reports in the Irish media suggest a figure in the region of round Euro 200 million has changed hands.
Read the full story at http://www.tnooz.com/2009/11/13/news/does-hostelworld-wri-purchase-signify-a-return-to-normality/
