Arma Partners has acted as exclusive financial adviser to Momondo Group, an online travel metasearch company, on the sale of a majority equity stake to Great Hill Partners.
Great Hill Partners has made a GBP80m cash investment in Momondo Group, valuing it at more than GBP132 million.
With offices in London, Copenhagen and Boston, Momondo Group provides online travel search to over 17.5 million visitors per month – plus seven million travel newsletter subscribers – across more than 30 core international markets, via its Momondo and Cheapflights brands.
Following the investment by Great Hill Partners, Momondo Group aims to further focus on growing the business and more rapidly capitalise on the double-digit growth rates in the travel metasearch sector. In particular, Momondo Group sees a significant opportunity to continue developing its metasearch model for mobile and to expand its global footprint into new and emerging markets worldwide.
