M&A Deal Summary

Trip.com Group Acquires Skyscanner

On November 23, 2016, Trip.com Group acquired internet software and services company Skyscanner from Vitruvian Partners and Groupe Artémis for 1.4B GBP

Acquisition Highlights
  • This is Trip.com Group’s 5th transaction in the Internet Software and Services sector.
  • This is Trip.com Group’s largest (disclosed) transaction.
  • This is Trip.com Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2016-11-23
Target Skyscanner
Sector Internet Software and Services
Buyer(s) Trip.com Group
Sellers(s) Vitruvian Partners
Groupe Artémis
Deal Type Add-on Acquisition
Deal Value 1.4B GBP

Target

Skyscanner

Edinburgh, United Kingdom
website
Skyscanner Ltd. is a global travel search site, providing online comparisons for millions of flights on over a thousand airlines, as well as car hire and hotels.

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Buyer(S) 1

Buyer

Trip.com Group

Shanghai, China

website

Category Company
Founded 1999
Sector Internet Software and Services
Employees33,732
Revenue 18.3B CNY (2020)
DESCRIPTION

Trip.com Group provides online and offline travel information and reservation services company in China. Trip.com Group was founded in 1999 and is based in Shanghai, China.

DEAL STATS #
Overall 9 of 11
Sector (Internet Software and Services) 5 of 7
Type (Add-on Acquisition) 6 of 8
Country (United Kingdom) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Ctrip.com International - Homestay Business

China

Ctrip.com International Ltd. - Homestay Business is a provider of online accommodation sharing industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 TangRen World

China

TangRen World is a full-service agency for Chinese travellers abroad by offering bespoke in-destination products.

Buy -

Seller(S) 2

SELLER

Vitruvian Partners

London, United Kingdom

website

Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.

DEAL STATS #
Overall 8 of 18
Sector (Internet Software and Services) 2 of 5
Type (Add-on Acquisition) 3 of 8
Country (United Kingdom) 8 of 15
Year (2016) 6 of 6
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Peach

London, United Kingdom

Peach is a technology business automating the distribution workflow and delivery of advertisements from ad agencies & production companies to broadcasters and the online video industry. Peach was founded in 1996 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Snaplogic

San Mateo, California, United States

Snaplogic is a cloud software solution that specializes in providing an “Integration Platform as a Service". The Company offers an easy-to-use integration design tool with over 400 pre-built connectors allowing non-technical users to rapidly perform complex integrations. Snaplogic was formed in 2006 and is based in San Mateo, California.

Buy -
SELLER

Groupe Artémis

website

Category Family Office
Founded 1992
Size Mega
Type Sector Agnostic
DESCRIPTION

Artémis Group is a holding company formed by French entrepreneur François Pinault. Artémis looks to acquire and manage and diverse range of entities In Western Europe and North America. The Group was formed in 1992 and is headquartered in Paris.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Skyscanner

Edinburgh, United Kingdom

Skyscanner Ltd. is a global travel search site, providing online comparisons for millions of flights on over a thousand airlines, as well as car hire and hotels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Giambattista Valli

Paris, France

Giambattista Valli is a French fashion house and brand. Giambattista Valli is characterised by a poetically feminine style famous for its frothy dresses and diaphanous fabrics. Rich fabrics, contrasted volumes and lyrical cuts very quickly helped Giambattista Valli to acquire the prestigious status of a permanent member of the Fédération de la Haute Couture. Giambattista Valli was formed in 2005 and is based in Paris.

Buy -
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