KKR acquires a significant minority stake in Etraveli Group
KKR, a leading investment firm, has agreed to acquire a significant minority stake in Etraveli Group, a global technology company facilitating over EUR 15 billions of flight sales annually. The investment creates a strategic partnership between KKR and current owner CVC Capital Partners, a leading global private markets manager, that will reinforce the company’s position as the world’s largest flight intermediary outside of China.
Stockholm-based Etraveli Group operates a flight technology platform serving nearly 50 millions travellers yearly across 75 markets. The company sells airline tickets through its own brands like Gotogate, Mytrip, and Flightnetwork, and provides booking services to global partners including Booking.com, Radisson Hotel Group, and TUI.
The new investment reinforces KKR’s dedication to supporting European market leaders and fostering the development of high-quality technology-driven enterprises.
Mannheimer Swartling advised KKR in the transaction. The firm´s team consisted of Jan Holmius, Carl Björk, Adam Vallin, Filip Lassing, Nando Basic, Alice Engström, Hanna Thomelius, Martin Hallström, Ängla Pändel, Isac Nyman, Gustav Nordström, Anna Karlsson, Karin Palade, Sam Boekelman, Alice Baum, Olivia Kinnman, Emil Duberg, Rebecca Chamoun Andersson, Lina Lundberg, Johan Ekblad Karlsson, Kriti Sood, Caronlina Hannerstål, Adina Lamborn, Alexander Schough, Gustav Glimblad, Hedda Hedenskog, Kim Lundberg Olsson, Moa Weglin, Hugo Sjölin, Hampus Thofte and Joel Palm.
