Tag

The Travel Business

Mergers & Acquisitions

Lift-off for No.1 Traveller as it secures funds to open new airport lounges

NVM Private Equity has looked to the leisure and hospitality industry for its latest investment and backed No.1 Traveller.

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Key Travel MBO for ISIS Equity Partners continues prolific 2013 dealmaking

ISIS Equity Partners has closed its eighth investment of 2013, this time in the travel sector.

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Merger between two travel companies set to create £100 million revenue business

LDC portfolio business TD Travel has closed a new acquisition and will be re-branding as part of the process.

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Iglu.com buys Planet Cruise with help from private equity firm

Online ski and cruise agent Iglu.com has closed its first transaction since the business was packed by private equity firm Growth Capital Partners in May 2012.

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Panoramic Growth Equity deal sees new backing and CEO arrive at Andante Travels

Fledgling investment firm Panoramic Growth Equity has closed its fifth deal and backed travel company Andante Travels.

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HouseTrip adds Accel Partners as investor and locks up a further $40 million of funds

London-based holiday rental business HouseTrip has taken its total fundraising to date to $59.7 million (£37.3 million) after closing its Series C round.

Entrepreneurs

Setting up a travel business: Andrew Dunn

Andrew Dunn, who started up luxury tour operator Scott Dunn aged 22 with a £5,000 bank loan, has experienced some ups and downs on the way to building a £25 million turnover business.

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The Only Scootercase

To provide city workers with a faster way of negotiating the crowds, US-based Hammacher Schlemmer has come out with the Only Scootercase, fusing a traditional scooter with the needs of today's business people.

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Travel Republic sells equity stake

Air services provider Dnata has acquired online UK travel agency Travel Republic in a deal which represents one of the Dubai-based business' 'biggest transactions' in its history.

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HouseTrip secures $17 million in second round financing

Holiday apartment website HouseTrip.com has completed a $17 million (£10.9 million) Series B funding round, ten months after closing a first round, that will fund product development and marketing campaigns.

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Statesman secures £4.25 million from bank fund

The Business Growth Fund has completed its second investment, committing £25 million in growth capital for acquisitive Statesman Travel Group, an independent travel management company.

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Secret Escapes secures second round finance

Luxury deals website Secret Escapes has secured a second round of funding and announced a new chief executive as the company pursues further market share in the competitive online travel sector.