GCA Advises on Two Major Travel Sector Acquisitions
Travelopia Sale to KKR
GCA acted as exclusive financial advisor to the management team of Travelopia, one of the world’s leading specialist travel groups, on its $400M sale to the global investment firm KKR.
Travelopia, headquartered in the UK, provides customers with unique experiences, such as sailing adventures, tailor-made holidays, sports tours, school expeditions, private jet travel and polar expedition cruises. The firm has a large, international customer base of over 800,000 travelers each year and serves over 70 destinations globally through its 53 brands.
Regarding this transaction, Travelopia’s CEO Will Waggott stated, “KKR’s experience in the sector, global reach and digital expertise make it the perfect partner for Travelopia as we continue to grow.”
AXIO’s Sale of OAG to Vitruvian Partners
GCA also recently advised AXIO Aviation Holdings on the sale of OAG, the leading provider of global flight information, to Vitruvian Partners in a deal worth approximately $215M.
OAG is the global leader in aviation information and intelligence, providing customers with flight schedule and status information, in addition to related data analysis tools. The company’s flight information database holds future and historical flight details for over 900 airlines and more than 4,000 airports, offering unprecedented insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis, and on-time performance. With the most extensive real-time flight status database in the market, OAG’s flight status database delivers 35 million flight status updates daily.
OAG was acquired by AXIO (a management company, backed by Electra Private Equity) in early 2013 as part of a collection of data-focused businesses carved out of UBM Plc. The sale of OAG represents the fifth major realization from the AXIO portfolio with two businesses remaining. The transaction provides a full exit for AXIO and offers the opportunity for additional members of the management team to participate in the equity structure going forward.
These transactions add to GCA’s extensive track record in the travel sector, having recently advised the management shareholders of Cruise.co.uk on the sale to Bridgepoint, Livingbridge on its acquisition of Direct Ferries, Hotelplan on its acquisition of Explore Worldwide, Golfbreaks.com on the sale of Teeofftimes.co.uk, and Inflexion on its acquisition of Scott Dunn.
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, New Delhi, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.