Online intermediary On the Beach has been sold to private equity firm Inflexion by ISIS Equity Partners, which has owned a majority stake since 2007.
A statement from ISIS puts the deal at £73m delivering a three times return for ISIS' clients.
The statement goes on to say that sales at On the Beach have grown from £78m to £280m in the past six years with a fourfold increase in EBITDA to more than £11m in 2013.
The existing management team is expected to stay after the sale including chief executive and founder Simon Cooper.
Of the deal, Cooper says:

"We are delighted Inflexion is investing in the next stage of growth for On the Beach. With their proven track record of working with businesses to grow both domestically and internationally, as well as their experience in the online retail sector, we feel they are the right partner".
Inflexion plans to support further UK growth as well as explore opportunities for international expansion and ensure the business is 'digitally optimised'.
On the Beach says it has attracted 40m visitors to its website in 2013 and served 900,000 customers.
Last month holiday comparison site Icelolly completed a £17m management buyout with the help of Palatine Private Equity.
NB: Piggy bank on the beach image via Shutterstock.