Magenta Partners backs FastPayHotels

The GP deployed capital from its Magenta Partners Fund II, which held a first close on £60m in August 2017 and invests equity tickets between £5-20m in small and medium-sized companies with high-growth potential.

Following the deal, Tom Matthews, partner at Magenta Partners, will join the company's board.

Company
Founded in 2016 and headquartered in Palma De Mallorca, FPH provides a platform to connect hotels and travel agencies, and currently sells hotel rooms in 78 countries. The company generated EBITDA of €100,000 in 2018.

People
FastPayHotels – Alex Gisbert (CEO).
Magenta Partners – Tom Matthews (partner).

Advisers
Equity – Addleshaw Goddard (legal); Broseta (corporate finance); Intuitus (IT due diligence).
Company – Deloitte (legal).

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• Topics
• Expansion
• Southern Europe
• Support services
• Spain