Axa and Permira's Odigeo completes refinancing

The bonds, priced at 7.5%, were placed through Credit Suisse, Goldman Sachs, Lloyds, Société Générale CIB and UBS. Proceeds will reduce the €340m senior debt incurred two years ago upon the firm's foundation.

In 2011, Axa PE and Permira wholly acquired online travel agent Opodo from parent company Amadeus in a deal valued at €450m. Both houses invested via their portfolio companies Go Voyages and eDreams, with a view to later merge the entities to create Odigeo, based in Barcelona.

Last year, the GPs were reported to be considering an IPO of Odigeo, in order to boost the company's expansion into international markets and continue its growth strategy.

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• Topics
• Southern Europe
• Spain
• Axa Private Equity
• Permira
• Credit Suisse
• Goldman Sachs
• Lloyds
• Societe Generale
• UBS