Deal

Segulah acquires European Travel Interactive

Norvestor is set to divest its shares in the online travel agent European Travel Interactive. Segulah will become the new owner of the company.

Norvestor IV owns 70 percent of the shares in European Travel Interactive. The company was created in August 2007, when Norvestor acquired the online travel agents Seat24 and SRG Online. European Travel Interactive is the leading online travel agent in the Nordic area with expected gross sales of SEK 5 billion in 2010.

Management will reinvest and remain as significant shareholders alongside Segulah IV.

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FundSegulah IV
Portfolio CompanyEuropean Travel Interactive
Date of Transaction2010-07-04
TransactionSecondary transaction
Seller
Buyer
Size of Transaction 
Ind. FocusConsumer
GeographySweden
StageSmall/mid-cap buyout
 

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