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December 13, 2007
Wellington Invests in French Vacation Company
Wellington Partners has acquired a stake TravelHorizon Group in exchange for €10M in venture capital. The company is an online tour operator and claims to be market leader in ski vacations. It also offers other types of vacations via specialized booking websites for spa/wellness getaways, as well as European sea and resort vacations.
Wellington's Eric Archambeau is named as the dealmaker on this one. A quick search did not turn up information about when the TravelHorizon was founded, but based on the number of sites and the stated revenues for 2006, it is not an early stage venture. It is already generating annual sales of €27M and claims 130,000 active customers. It is based in Aix-en-Provence and operates a multi-lingual call center in Amsterdam.
Posted on December 13, 2007 02:50 PM | Posted to News And Updates | Permalink
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