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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| Fund | Segulah IV |
| Portfolio Company | European Travel Interactive |
| Date of Transaction | 2010-07-04 |
| Transaction | Secondary transaction |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Sweden |
| Stage | Small/mid-cap buyout |