M&A Deal Summary

Lastminute.com Acquires Travelprice.com

On August 28, 2002, Lastminute.com acquired leisure company Travelprice.com from CITA INVESTISSEMENT

Acquisition Highlights
  • This is Lastminute.com’s 1st transaction in the Leisure sector.
  • This is Lastminute.com’s 1st transaction in France.

M&A Deal Summary

Date 2002-08-28
Target Travelprice.com
Sector Leisure
Buyer(s) Lastminute.com
Sellers(s) CITA INVESTISSEMENT
Deal Type Add-on Acquisition

Target

Travelprice.com

St. Ouen, France
Travel Agency

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Buyer(S) 1

Buyer

Lastminute.com

London, United Kingdom

Category Company
Founded 1999
Sector E-Commerce
Employees1,275
Revenue 110M EUR (2014)
DESCRIPTION

Last Minute Network Ltd. (dba Lastminute.com) is an online travel and leisure retailer.


DEAL STATS #
Overall 1 of 2
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: France M&A 1 of 1
Year: 2002 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-26 Holiday Autos Group

Woking, United Kingdom

Holiday Autos Group Ltd. is a provider of holiday car rental business.

Buy £40M

Seller(S) 1

SELLER

CITA INVESTISSEMENT

Paris, France

Category Private Equity Firm
Founded 1985
PE ASSETS 76M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

CITA INVESTISSEMENT is an investment firm focused on providing capital across various business stages. CITA will consider providing venture capital for start-ups, development capital for companies in expansion, as well as funding leveraged buyouts of mature companies. CITA does not specialize in any particular industry sector and looks primarily at the management team when evaluating opportunities. CITA will consider investing as little as $1 million in venture transactions to as much as $15 million for leveraged buyouts. CITA INVESTISSEMENT was established in 1985 and is based in Paris.


DEAL STATS #
Overall 4 of 15
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 7
Country: France M&A 4 of 14
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-17 SFPT

France

Ski-lifts management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 SPORT

France

Free Sports Magazine

Buy -