Global investment firm, KKR, today announces that it has agreed to acquire Travelopia from German travel operator TUI AG for $403.7 million. The transaction is subject to customary closing conditions.
Travelopia, based in the U.K, is one of the world’s leading specialist travel groups, providing customers with unique experiences, such as sailing adventures, tailor-made holidays, sports tours, school expeditions, private jet travel and polar expedition cruises.
Travelopia has a large, international customer base of over 800,000 travellers each year and serves over 70 destinations globally through its 53 brands.
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For KKR the deal follows the lines of its such investments as PortAventura, Get Your Guide, Trainline, Go-Jek and Apple Leisure.
Travelopia in seizing opportunities, including harnessing the potential from digital distribution and CRM and expanding its geographical reach, notably into China.”
“The high-end experiential travel market is underpinned by attractive structural growth drivers. These include the growing value consumers place on experiences over goods and the increasing mobility of older travelers.” said Mattia Caprioli, Head of Services at KKR Europe, “We believe that Travelopia is ideally positioned to benefit from these trends.”