Booking Site On the Beach Sold For $117 Million
One private equity firm has sold online travel site On the Beach to another private equity company for $117.3 million.
It looks like investors may have done well in this private equity transaction, which should position On the Beach for additional growth.
Excerpt from Manchester Evening News
Online travel firm On the Beach has been sold by its private equity owners in a £73m ($117.3 million) deal. The firm, based at Park Square, Cheadle, in the UK has been bought from ISIS by Inflexion Private Equity.
On the Beach is led by chief executive Simon Cooper and provides flights, car hire, insurance, airport parking and hotel accommodation at popular beach holiday destinations in Europe as well as at resorts in Africa, the Far East, India, the Caribbean and the US.