Alantra advises Jumbo Tours Group on the carve-out and sale of its online business to TBO.com
Spain – Alantra acted as the exclusive financial adviser to Jumbo Tours Group (“The Company”), a subsidiary of Alpitour World, on the carve-out and sale of its online business to TBO.com, an Indian-based global travel distribution platform.
With more than 40 years of experience in the tourism sector, Jumbo Tours Group is one of the leading DMC and bedbank platforms in Spain. Employing c. 500 individuals, the Company is present in the main tourist destinations, with access to over 135,000 hotels worldwide. With offices in over 10 countries, it operates through two main business lines: Online and DMC.
Alpitour World, the Company’s sole shareholder, is one of Europe’s leading tourism corporations and a pioneer in the Italian tourism sector.
Founded in 2006, TBO.com is an Indian-based global travel distribution platform with presence in more than 100 countries. TBO.com simplifies the travel industry for suppliers, retail buyers, and enterprise buyers through a two-sided technology platform, facilitating seamless transactions. Annually, on average, over 40,000 active clients gain real-time access to a global inventory, comprising more than 700 airlines and over 1 million hotels available on the platform.
Ginés Martínez, Jumbo Tours Group CEO, explained “We are very excited about this partnership and look forward to leveraging TBO’s strengths in global travel distribution, especially in the Middle East and APAC. Their technology, talent and growth have been impressive, and we are delighted to be part of the TBO family”.
Jorge Roa, Managing Director at Alantra, added: “This transaction is a significant milestone, enabling the Company to monetize its online platform and focus on the growth of its DMC division. It also represents an important credential for Alantra within a sector that is gaining momentum worldwide.”
This acquisition reflects TBO.com’s global growth strategy, continuing to increase its investment by actively seeking partnerships to expand, recruit and enhance the customer experience.
Jan 2024Euronext Growth Advisor and Global CoordinatorJan 2024SECTOR Business ServicesService Equity Capital Markets
Jan 2024Sell-side advisoryJan 2024SECTOR Business Services; TechnologyService M&A
Oct 2023Buy-side advisoryOct 2023SECTOR Business ServicesService M&A
May 2023Buy-side advisoryMay 2023SECTOR Business ServicesService M&A