by Montis CF
MONTIS Corporate Finance acted as the exclusive advisor to the shareholders of tripado GmbH on the sale of the majority stake to a strategic buyer in the online travel industry. The online travel agency tripado is listed by all relevant metaseachers (e.g. Skyscanner, momondo, Swoodoo) and is well-established within the online travel segment generating sales of EUR 37 millions. In addition to scheduled and charter flights of more than 170 airlines, the product portfolio includes holiday packages, hotels, rental cars and travel insurance services. As part of a larger online travel group, tripado is set to benefit from significant synergy effects, as a greater part of the supply chain is covered within the group leading to higher margin potentials. Further growth will be driven primarily by internationalization.
Nico Tscherven, managing partner of tripado GmbH: "The acquisition puts tripado in an excellent position for future internationalization and market penetration. This enables us to exploit further expansion opportunities. MONTIS Corporate Finance supported us throughout the entire process in a highly committed and professional manner and was the perfect sparring partner in all talks and negotiations".