Travel search engine Skyscanner, backed by Scottish Equity Partners (SEP), is to be acquired by listed trade buyer Ctrip in a deal valuing the business at £1.4bn.
Deal is the fourth acquisition in 2017 for the GP's €323.5m second vehicle, Ambienta Fund II
New vehicle follows from Phoenix Equity Partners 2010, which closed in June 2010 on £450m
TCR Capital sells its majority stake to IDI and family office Groupe Chevrillon
General Atlantic, DST Global and Niklas Adalberth will all sell equity to Permira, Adalberth will retain a stake