AXA-backed Bravofly buys Rumbo

The acquisition extends Bravofly's presence to 20 countries. The combined group now expects to report a turnover of around €1bn this year.

Previous funding
In 2010, AXA PE led a round of growth capital funding for Bravofly, securing a 6% stake in the business. The pool of investors acquired 16% of Bravofly in aggregate.

Company
Founded in 2000 and based in Madrid, Rumbo is an online travel agency. The company sells airline tickets, hotel rooms, package holidays, train tickets, car rentals, travel insurance and cruises.

In 2008, the firm acquired Viajar.com and Terra Business Travel to launch Rumbo Negocios, a travel agency to help SMEs and professionals save up to 30% on business travel.

People
Laurent Foata, Alexis Saada, Romain Chiudini worked on the deal for AXA PE.

Advisers
Equity – Curtis Mallet-Prevost Coly & Mosle, Grégoire Andrieux (Legal); Van Campen Liem, Marcello Distaso (Legal).

 

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• Topics
• DACH
• Expansion
• Consumer
• Acquisition finance
• Axa Private Equity
• Switzerland