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FRANCE - Alven invests EUR 1.5m in travel agency

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Alven Capital has injected EUR 1.5m as the sole investor in Travel Selection’s first round of financing. Following the transaction, management retains a majority stake.

Established in 2004, Travel Selection is a Paris-based online travel agency, which offers holidays in Morocco, Spain and France. The business originally became the leading agency for Morocco after just 18 months in business. The company currently employs 30 staff and generated a 2005 turnover of EUR 1.15m, a figure which is expected to quadruple in 2006.
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