AXA Private Equity takes 6% stake in Bravofly

The pool of investors, which included AXA PE and several private investors, acquired 16% of Bravofly in aggregate. AXA PE's backing will allow the company to pursue its international expansion and development strategy.

Launched in 2004 and based in Chiasso, Bravofly offers its customers a research and comparison engine to book flight tickets on low-cost and traditional airlines. The company attracts six million unique visitors per month through its sites bravofly.fr, bravofly.de, bravofly.co.uk, bravofly.es, bravofly.com, volagratis.it and viaggiare.it. It posted a €180m turnover for 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• Expansion
• Technology
• DACH
• Switzerland
• Axa Private Equity