ox8 Corporate Finance acted as the exclusive advisor to the shareholders of tripado GmbH on the sale of the majority stake to a strategic buyer in the online travel industry. The online travel agency tripado is listed by all relevant metaseachers (e.g. Skyscanner, momondo, Swoodoo) and is well-established within the online travel segment generating sales of EUR 37 millions. In addition to scheduled and charter flights of more than 170 airlines, the product portfolio includes holiday packages, hotels, rental cars and travel insurance services. As part of a larger online travel group, tripado is set to benefit from significant synergy effects, as a greater part of the supply chain is covered within the group leading to higher margin potentials. Further growth will be driven primarily by internationalization.
Nico Tscherven, managing partner of tripado GmbH:“The acquisition puts tripado in an excellent position for future internationalization and market penetration. This enables us to exploit further expansion opportunities. ox8 Corporate Finance supported us throughout the entire process in a highly committed and professional manner and was the perfect sparring partner in all talks and negotiations”.
About tripado (www.tripado.de)
Tripado is an online travel agency offering flights, hotels, holiday packages, car rentals and insurances therefore covering the entire spectrum of travel services. With tickets from over 170 airlines, tripado is listed by all well-known metasearchers worldwide. The company generated revenues of 37 millions euro in the past financial year.
About ox8 Corporate Finance (www.ox8-cf.com)
ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.
