According to press reports, US private equity house TA Associates is set to pay EUR 100m for 100% of the shares in Internet-based travel agency eDreams. A majority stake of 55% is currently owned by a group of 70 investors, including the bank Santander and private equity firms 3i, Apax, Net-Techonology Investment and Atlas Capital. The remaining 45% is held by the company's founder, Javier Pérez Tenessa. eDreams, created in 1999, amidst the heat of the dotcom industry, expects to receive returns of around EUR 300m this year.
Nutrisens management team, led by CEO Georges Devesa, retains a significant stake in the company
Intention to list comes four years after the GP acquired the company via its fourth fund
Online optician has previously received VC funding from investors including Grazia Equity and Goldman Sachs
Platform will enable smaller investors to put their secondaries stakes up for sale