Biblos Group has been acquired by CVC Brasil

Biblos America LLC has sold Biblos Group to CVC Brasil Operadora e Agência de Viagens S.A. (CVC). Financial details have not been disclosed.

Biblos Group, which includes Biblos and Avantrip, was founded in 1979 and is one of the largest e-commerce companies in Argentina. The group has over 400 partners and operates through online platforms that offer travel products and services as well as consumer reward programs. In the offline sector, Biblos Group operates through travel agencies focused on the luxury and corporate markets and in corporate events, with annual confirmed bookings of approximately US$200 million in 2017.

CVC Brasil Operadora e Agência de Viagens, together with its subsidiaries, offers tourism services in Brazil and internationally. The company provides intermediation, airline tickets, ground transportation, hotel reservations, cruise tickets, culture and professional exchange, and other tourism services. It also offers corporate and leisure travel, and cultural and professional exchange services. The company markets its tourism services directly to customers through independent service providers. As of 30 June 2018, CVC operates 1,216 exclusive travel agencies and approximately 53 franchise stores. The company was founded in 2009 and is headquartered in Santo André, Brazil.

Oaklins' team in Argentina advised the seller in this transaction.