The private shareholders of Flygstolen Nordic AB (Flygstolen) have sold the company to Otravo Topholding B.V. (Otravo) for US$10.1 million.
Flygstolen, founded in 2004, is a Sweden-based online travel agency (OTA) dedicated to providing a seamless travel experience to customers throughout Scandinavia. The company provides flight tickets, train tickets, hotels, car rentals, event tickets and ancillary services directly to consumers in Sweden, Norway and Denmark under the brand names Flygstolen and Tripmonster.
Otravo is the leading OTA for airline travel services in the Benelux countries and operates well-known brands such as Vliegtickets.nl, WTC.nl, Vliegtarieven.nl and Vliegtickets.be. The company has grown considerably in recent years in both the Netherlands and Belgium. sition. With this acquisition, Otravo will have a platform for further growth in the Northern European online travel market and the means to build a pan-European online travel agency with a strong market position. In order to accelerate its growth and expand the business internationally through acquisitions, Otravo’s owners have sought the support of private equity firm Waterland Private Equity Investments B.V., which currently owns a majority stake in Otravo.
Oaklins' team in Sweden advised the seller in this transaction. The team in the Netherlands assisted in identifying potential buyers and initial contact. This deal is another example of the seamless cooperation between Oaklins’ teams, demonstrating the organizations’ added value through its global execution capabilities, industry expertise and contacts.
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