M&A Deal Summary

Webjet Acquires Destinations Of The World

On November 5, 2018, Webjet acquired internet software and services company Destinations Of The World from Gulf Capital for 173M USD

Acquisition Highlights
  • This is Webjet’s 3rd transaction in the Internet Software and Services sector.
  • This is Webjet’s 2nd largest (disclosed) transaction.
  • This is Webjet’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2018-11-05
Target Destinations Of The World
Sector Internet Software and Services
Buyer(s) Webjet
Sellers(s) Gulf Capital
Deal Type Add-on Acquisition
Deal Value 173M USD

Target

Destinations Of The World

Dubai, United Arab Emirates
website
Destinations Of The World (DOTW) is a state of the art user-friendly online system developed exclusively for the Travel Trade. Obtain access to net wholesale rates and real-time inventory for over 160,000 hotels & apartments in more than 10,000 destinations worldwide.

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Buyer(S) 1

Buyer

Webjet

Melbourne, Australia

website

Category Company
Founded 1998
Sector Internet Software and Services
Employees1,800
Revenue 266M AUD (2020)
DESCRIPTION

Webjet is a travel booking website. Webjet was founded in 1998 and is based in Melbourne, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (United Arab Emirates) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 JacTravel

London, United Kingdom

JacTravel Ltd. is a hotel bed-bank business providing tour operators, travel agents and online retailers with access to hotel beds at more than 10,000 independent and small chain hotels. JacTravel Ltd. was established in 1975 and is based in London, UK.

Buy £200M

Seller(S) 1

SELLER

Gulf Capital

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt in the Middle East. Gulf Capital's private equity group looks to acquire and invest in companies where it can offer help with operational improvements and expertise. Broad areas of interest include energy, oil and gas, water, healthcare, education, and logistics. Gulf Capital was established in 2006 and is headquartered in Abu Dhabi.

DEAL STATS #
Overall 1 of 6
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Arab Emirates) 1 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 Geidea Solutions

Riyadh, Saudi Arabia

Geidea Solutions is a Saudi fintech, characterized by its customer-centered approach and best-in-class technologies. Company develop solutions tailored to their needs. Company serve both the public and the private sector including but not limited to the banking sector, retail & wholesale, F&B, hospitality and healthcare.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Ison Xperiences

Nairobi, Kenya

iSON Xperiences provides a flexible enablement platform for businesses that need help scaling up their workforce, daily business operations, or debt collection solutions, or that want to expand their footprint in Africa. The company's expertise spans telecoms, BFSi, energy, media, government, retail, aviation, and e-commerce, partnering with brands and startups. Ison Xperiences is based in Nairobi, Kenya.

Buy -
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