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  5. Helloworld Acquires Magellan Travel Group

M&A Deal Summary

Helloworld Acquires Magellan Travel Group

On December 19, 2017, Helloworld acquired leisure company Magellan Travel Group for 33M AUD

Acquisition Highlights
  • This is Helloworld’s 1st transaction in the Leisure sector.
  • This is Helloworld’s 0th largest (disclosed) transaction.
  • This is Helloworld’s 1st transaction in Australia.

M&A Deal Summary
Date 2017-12-19
Target Magellan Travel Group
Sector Leisure
Buyer(s) Helloworld
Deal Type Add-on Acquisition
Deal Value 33M AUD

Target

Magellan Travel Group

Melbourne, Australia
Magellan Travel Group is a network of Australia's major independent travel agents that breaks the travel retailing mould. Magellan agents take pride in offering superior service and delivering optimum value to their clients, whether they are leisure travellers or corporate customers travelling for business.

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Buyer(S) 1

Buyer

Helloworld

South Melbourne, Australia
Category Company
Founded 2000
Sector Leisure
Employees598
Revenue 26M AUD (2024)
DESCRIPTION

Helloworld is an Australian-based travel company with a network of 2,000 independent franchised travel agents. The Company's widespread and knowledgeable network of travel specialists is passionate about travel and knows how to tailor the perfect holiday for each of its clients. Helloworld was founded in 2000 and is based in South Melbourne, Australia.

DEAL STATS #
Overall 1 of 2
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Australia M&A 1 of 2
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 Flight Systems Pty

Australia

Flight Systems Pty Ltd. is a provider of web-based flight booking technologies and operator of the skiddoo.com.au

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