Sale of Maitazas.hu Group

Sale of Maiutazas.hu Group, the leading Hungarian online retailer of travel packages to Szallas.hu

Sale of Maitazas.hu Group

Sector: IT and Technology

Net Sales (2018)

€5.7m

Subscribers (2018)

1.2 million

Employees (2018)

26

We acted as sell-side M&A advisor to the owners of Maiutazas.hu Group, the leading Hungarian online travel deal retailer in connection with the sale to Szallas.hu.

The Group offers travel packages, hotel offers and thematic experience packages on its websites of Maiutazas.hu, Hotelkupon.hu, Foglaljvelunk.hu and PihiPakk.hu. Foreign travel packages sold on the websites are arranged by the Group’s fast-growing own tour operator.

Szallas.hu, which is owned by OTP Bank and Exim Bank through investment funds, operates booking sites in 5 Central Eastern European countries with a staff of 275 at group level. The acquisition of Maiutazas.hu Group is part of Szallas.hu’s regional expansion strategy, by which the buyer has broadened its activity with new services and an extensive user database, while gaining considerable synergy opportunities as well.

 

What our client said:

“Thanks to the Invescom team for the successful cooperation! They conducted the whole sale process with precision, thoroughness and care, they were always at our disposal promptly and they helped us greatly in resolving the problems and questions in the course of transaction negotiations. We firmly recommend their services.

András Szennay, co-managing director and co-owner of Maiutazas.hu Group