1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. India >
  5. EbixCash Acquires Mercury Travels

M&A Deal Summary

EbixCash Acquires Mercury Travels

On August 2, 2018, EbixCash acquired business services company Mercury Travels

Acquisition Highlights
  • This is EbixCash’s 2nd transaction in the Business Services sector.
  • This is EbixCash’s 2nd transaction in India.

M&A Deal Summary
Date 2018-08-02
Target Mercury Travels
Sector Business Services
Buyer(s) EbixCash
Deal Type Add-on Acquisition

Target

Mercury Travels

Mumbai, India
Mercury Travels Ltd. is a popular luxury travel brand, that offers a wide variety of travel and tourism services to the leisure travelers and corporates both. Mercury has a pan India Network of 40 Preferred Sales Agents (PSAs), 20 Branch offices across 16 major cities in India, 350 employees, and an Extended reach in international markets through marketing offices in London, Hamburg & Frankfurt for inbound holidays. Amongst other travel-related services like Events based travel and insurance, Mercury also has a Foreign Exchange business serviced through its AD-II license issued by the Reserve Bank of India. Mercury Travels was formed in 1948 and is based in

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

EbixCash

Mumbai, India
Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

EbixCash is a financial exchange company in India with a ‘Phygital’ strategy (physical experience with digital backend) that combines more than 260,000 physical distribution outlets to an Omni-channel online digital platform, EbixCash has established an enterprise financial exchange portfolio that encompasses leadership in digital payments solutions, money transfer services (domestic & international), travel, insurance and corporate & incentive solutions. Ebix Payment Services was formed in 2006 and is based in Mumbai.

DEAL STATS #
Overall 2 of 6
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 6
Country: India M&A 2 of 6
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Leisure

Gurgaon, India

Leisure Corp. is a MICE management company that manages corporate events, luxury travel, sports travel, and sports hospitality with a focus on the insurance and financial sector clients. The Company’s core competency is to provide a customized range of services from conceptualization, design, budgeting, planning to execution of large corporate meetings and conferences, involving thousands of attendees. The Company also specializes in creating tailor-made packages for the sports travelers, with exclusive travel agent rights from India for premier world sports events like the recent FIFA Football World Cup in Russia and the 2019 ICC Cricket World Cup in London. Winner of the coveted National Tourism award twice in 2011-12 and 2014-15, Leisure Corp is in the business of creating memorable experiences for corporate and sports travelers. Leisure Corp. was formed in 1997 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 AHA Taxis

Noida, India

AHA Taxis is an outstation taxi partner for outstation rental, taxi service, tourism, and transportation all over India. AHA Taxis was formed in 2015 and is based in Noida, India.

Buy -
Mergr

Solution for

Product

Company

Legal