FRANCE - AGF et al. complete EUR 20m TravelHorizon transaction

Of the total, EUR 14m was provided as new equity for continuing business gorwth, while EUR 6m was used to purchase exiting shares and allow early seed-stage investors to exit their investment. Some of the new financing round has been used by TravelHorizon to acquire Sportura, a rival Dutch website focused on ski holidays.

TravelHorizon, based in Aix-en-Provence, is an online travel agent offering golf and spa, summer, seaside and winter ski holidays in France, Italy, Spain, Austria, Germany, and Switzerland. The company also provides information on resorts, accommodations, fees and activates available.

The TravelHorizon group, including Sportura, recorded a turnover of EUR 79m and employs about 100 people.

In December 2007, Wellington Partners provided TravelHorizon with a EUR 10m investment.

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• Topics
• Expansion
• France