VERKOOP VAN CONTROLEREND AANDEEL VAN GOGO TOURS AAN ALPINVEST PARTNERS
| Deal: | Verkoop van controlerend aandeel van GoGo Tours aan AlpInvest Partners |
| Datum | July 2005 |
| Contact persoon HCF: Robert Boersma | |
AlpInvest Partners has acquired a majority stake in GoGo Tours, the largest and fast-growing Dutch online direct seller of sun and snow package tours through its brands Sunweb and GoGo.
Managing director Joost Romeijn is very enthusiastic about the transaction: “We have been approached by financial parties in the recent past for a possible acquisition, but we never came to a deal. The knowledge, network and financial power of AlpInvest facilitate GoGo Tours to roll-out our successful business model inEurope and further strengthen our position in the
Netherlands .”
Paul Lamers, Partner Buy-Out AlpInvest Parties adds: “We are very delighted with this acquisition which is perfectly in line with our Buy-out portfolio strategy. We invest in niche market leaders with a clear strategy, led by entrepreneurial management and with a strong track record. We are impressed by the realized growth of GoGo Tours and Sunweb over the last years and the focussed business model. We are looking forward bringing the company to a next level together with the management team. Future growth can be realised autonomously as well as by acquisitions.”
Financial details are not disclosed.
Profile GoGo Tours
GoGo
Tours , based in
Rotterdam , is the largest online tour operator in the
Netherlands . The brand GoGo (www.gogo.nl) offers snow holidays to the
Alps and youngsters holidays to sun destinations in
Europe . The brand Sunweb (www.sunweb.nl) offers, in summer and winter, mainstream airplane package tours to the
Mediterranean and the
Caribbean . More than 80% of the holidays are booked by the Internet. By means of the increasing bookings via the Internet, GoGo Tours is one the fastest growing tour operators in the
Netherlands . In 2004, GoGo Tours realised a turnover of more than EUR 100 million.
Profile AlpInvest Partners
AlpInvest Partners is one of the largest private equity investors in the world, with more than EUR 20 billion of assets under management. Approximately 80% of these funds are invested by AlpInvest Partners in private equity funds (either directly or through secondary transactions). AlpInvest Partners' buy-out investment activities focus primarily on niche market leaders in theBenelux and
Germany . Since 2000, the Lead Investment Team has invested approximately EUR 700 million. AlpInvest has local buy-out teams based in the
Netherlands (
Amsterdam ),
Germany (
Frankfurt ) and
Belgium (
Antwerp ). The teams target companies with enterprise values in the EUR 30-400 million range, in which AlpInvest usually take a majority position.
Managing director Joost Romeijn is very enthusiastic about the transaction: “We have been approached by financial parties in the recent past for a possible acquisition, but we never came to a deal. The knowledge, network and financial power of AlpInvest facilitate GoGo Tours to roll-out our successful business model in
Paul Lamers, Partner Buy-Out AlpInvest Parties adds: “We are very delighted with this acquisition which is perfectly in line with our Buy-out portfolio strategy. We invest in niche market leaders with a clear strategy, led by entrepreneurial management and with a strong track record. We are impressed by the realized growth of GoGo Tours and Sunweb over the last years and the focussed business model. We are looking forward bringing the company to a next level together with the management team. Future growth can be realised autonomously as well as by acquisitions.”
Financial details are not disclosed.
Profile GoGo Tours
GoGo
Profile AlpInvest Partners
AlpInvest Partners is one of the largest private equity investors in the world, with more than EUR 20 billion of assets under management. Approximately 80% of these funds are invested by AlpInvest Partners in private equity funds (either directly or through secondary transactions). AlpInvest Partners' buy-out investment activities focus primarily on niche market leaders in the
Office address: Atrium Tower A, Strawinskylaan 2631, 1077 ZZ Amsterdam, the Netherlands
Postal address: P.O. Box 75786, 1070 AT Amsterdam the Netherlands Phone: +31 (0)20 4161 303 E-mail: info@hcfinance.nl
Postal address: P.O. Box 75786, 1070 AT Amsterdam the Netherlands Phone: +31 (0)20 4161 303 E-mail: info@hcfinance.nl
