Axa Private Equity has acquired a six per cent stake in Bravofly, which operates a comparison engine to book flight tickets on low-cost and traditional airlines.
Axa Private Equity led a group of private investors which, in aggregate, has acquired approximately 16 per cent of Bravofly’s capital.
Bravofly has a turnover of EUR180m and six million unique visitors every month.
Axa Private Equity will help to support Bravofly’s management team in accelerating its expansion and development plans.
Francesco Signoretti, Bravofly chief executive, says: "Innovation was key in ensuring the growth of Bravofly in Europe. We are pleased to welcome Axa Private Equity as a new shareholder; the firm’s international dimension and responsiveness convinced us."
Laurent Foata, director at Axa Private Equity, adds: "Bravofly’s managers have turned their company into a model of entrepreneurial success with international ambitions. We look forward to actively supporting them throughout this new phase of development."
