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February 05, 2008
Venere.com Acquires Italian Online Travel Biz
Advent International, a private equity firm, sent us the news that its portfolio company Venere.com, a 13 year old online hotel bookings provider, has acquired Italy's Worldby.com. No disclsoure on terms or size of the transaction.
Venere.com does 20 percent of its business in Italy and has operations in Paris and London. It could be that further acquisitions are in store covering other European countries, as Advent says it likes the "buy and build" strategy.
View Venere.com
Posted on February 5, 2008 06:26 AM | Posted to News And Updates | Permalink
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