Leading European private equity firms UFG and GIMV have invested into a EUR 31.6 million leveraged buy-out (LBO) of French travel portal Easyvoyage. The transaction includes raising new capital and restructuring of existing capital.
Founded in 2000, Easyvoyage is the largest French travel site for information and price comparison with 6 million unique monthly visitors. The site provides its merchants with 2.5 million leads per month. Its 2009 turnover is estimated at EUR 450 million with revenues of EUR 19.3 and EBITDA of EUR 6.9 million. Easyvoyage is a top 5 travel site in Italy and Spain and will expand in Germany and the UK.