3i Group, a London-based private equity and venture capital company, has invested an undisclosed amount in VakantieDiscounter.
Netherlands-based online travel agency VakantieDiscounter provides holiday package deals and is part of Otravo, which will now focus on selling flights via its online brands.
According to a statement, the 3i investment will help “ensure the company has the necessary resources to sustain its market leadership and navigate the current economic environment from a position of strength.”
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Boris Kawohl, partner at 3i, says: “The scalable tech platform will allow VakantieDiscounter to continue its long-term track record of growth and its recovery from the pandemic. We have the opportunity to partner with a high-quality, ambitious management team, and we believe there is significant potential ahead to accelerate VakantieDiscounter’s success.”
Hans van Hoffen, CEO of VakantieDiscounter, says: “Customers will benefit from continued investment in our travel platform. 3i’s experience in the value-for-money consumer segment and travel sector makes them an ideal partner to scale our business and take advantage of the opportunity to further grow our market share by delivering great value to travelers.”
3i has previously invested in travel companies. In 2015, it acquired travel specialist Audley Travel.
The finance company's recent investments have ranged from £37 million to £87 million.