Portfolio company news

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

 

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

Hotelbeds Group
12 September 2016

Cinven and CPPIB complete acquisition of Hotelbeds

Cinven and Canada Pension Plan Investment Board (‘CPPIB’) have today completed the acquisition of Hotelbeds Group, the global provider of travel services based in Spain, for a total enterprise value of €1.165 billion.

Cinven and CPPIB believe Hotelbeds is an attractive investment opportunity given its strong financial performance, solid underlying market growth, highly experienced management team and market consolidation opportunities across Europe, Middle East, Asia and the Americas.

Hotelbeds is well positioned to improve bedbank distribution through travel agents and tour operators globally, especially in emerging economies, through investment in its sales and contracting teams, R&D and IT systems.

Hotelbeds represents the 17th investment from Cinven's Fifth Fund.