Digital Booking Sites

European Online Booking Site Odigeo Prepares for 2014 IPO

Jan 15, 2014 8:00 am

Skift Take

Odigeo is one of Europe’s largest travel site and its pending IPO is a positive sign of a rebounding travel sector in Europe and worldwide.

— Samantha Shankman

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The private-equity owners of Odigeo are working with JPMorgan Chase & Co. and Deutsche Bank AG to help prepare an initial public offering of the online travel agency this year, said two people with knowledge of the matter.

Odigeo, owned by Permira Advisers LLP and Ardian, the private-equity firm formerly known as AXA Private Equity, may be valued at about 1.5 billion euros ($2 billion), said one of the people, asking not to be named because the details aren’t public. The company is looking to sell shares to the public in London, Paris or Madrid, according to the person.

Odigeo, with more than 15 million annual customers according to its website, was formed in 2011 with the merger of eDreams and Go Voyages, backed by Permira and Ardian respectively, alongside the acquisition of Opodo from Madrid- based travel services group Amadeus IT Holding SA.

Spokesmen for the banks and the private equity owners of Odigeo declined to comment. Spokesmen for Odigeo declined to immediately respond to an e-mail seeking comment.

The Financial Times reported the move earlier today.

Editors: Simone Meier and Steve Bailey. To contact the reporters on this story: Ruth David in London at rdavid9@bloomberg.net; Kiel Porter in London at kporter17@bloomberg.net. To contact the editors responsible for this story: Simone Meier at smeier@bloomberg.net; Jacqueline Simmons at jackiem@bloomberg.net.

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