Private equity firm KKR has completed its acquisition of Travelopia from the Tui group.
Tui confirmed the sale of its Travelopia division of specialist businesses to private equity firm KKR for £325 million in February this year.
The division of luxury and adventure holiday brands including Hayes & Jarvis, Jetsave, Citalia and Sunsail was put up for sale in September last year after Tui confirmed in May 2016 that it intended to dispose of the portfolio to focus on its core products.
As of today, June 15, Travelopia is officially owned by KKR.
Will Waggott, chief executive of Travelopia, said: “KKR’s experience in the sector, global reach and digital expertise make it the perfect partner for Travelopia as we continue to grow. We look forward to working closely with the KKR team to continue to develop the business and our customer offer.”
UK-based Travelopia has a large, international customer base of more than 800,000 travellers annually and offers more than 70 destinations globally through its 53 brands.