Advised Momondo Group, the leading travel metasearch engine operating under the Momondo and Cheapflights brands, on its sale to Great Hill Partners
Arma Partners is pleased to announce that it has acted as exclusive financial adviser to Momondo Group, the pioneering online travel metasearch company on the sale of a majority equity stake to Great Hill Partners, the Boston-based growth equity fund. Great Hill Partners has made an £80m cash investment in Momondo Group, valuing it at more than £132 million.
With offices in London, Copenhagen and Boston, Momondo Group provides online travel search to over 17.5 million visitors per month ‚Äì plus 7 million travel newsletter subscribers ‚Äì across more than 30 core international markets, via its Momondo and Cheapflights brands. Following the investment by Great Hill Partners, Momondo Group aims to further focus on growing the business and more rapidly capitalise on the double-digit growth rates in the travel metasearch sector. In particular, Momondo Group sees a significant opportunity to continue developing its metasearch model for mobile and to expand its global footprint into new and emerging markets worldwide.
This transaction demonstrates Arma Partners’ expertise in the online travel space and its ability to deliver highly successful outcomes for innovative entrepreneurs.