INSIGHT REPORT CALENDAR

NEWSLETTER

Like this article?

Sign up to our free newsletter

Axa Private Equity to acquire equity in GO Voyages

Axa Private Equity, a European private equity firm, has signed an agreement to acquire GO Voyages, the French online retailer of air tickets.

Following this investment, Axa Private Equity will hold the majority of the equity of GO Voyages alongside the management team and staff, who will have a significant interest in the company.
 
GO Voyages had sales of EUR843m in the 2009/2010 financial year, up 21 per cent year-on-year. It has just launched an online holiday offer on the French market.
 
Lise Fauconnier, managing director at Axa Private Equity, says: “We will actively support GO Voyages’ management in its growth and diversification plans. GO Voyages’ model is a success in France and we aim to develop it on a European scale both through organic growth and acquisitions.”
 
Carlos Da Silva and Nicolas Brumelot, co-founders and directors of GO Voyages, said: “We are delighted to welcome Axa Private Equity as a shareholder. The arrival of Axa Private Equity will enable us to accelerate our growth at the European level by actively participating in the growth and consolidation of the various national markets.”
 
Completion of this transaction is subject to the performance of conditions precedent including the agreement of the competition authorities in certain countries.
 
The financing of the senior debt has been provided by Société Générale, CIC and HSBC, and the financing of the mezzanine by Five Arrows.

Like this article? Sign up to our free newsletter

FEATURED

Tech Stocks

MOST RECENT

FURTHER READING