Highway to Hell Yeah

Iglu eyes European expansion after new investment




Matrix Private Equity Partners has sold its minority stake in Wimbledon-based ski and cruise specialist Iglu.com for £19 million.

The stake has been purchased as part of a secondary MBO financed by Growth Capital Partners.

Matrix originally invested £4.3m in the MBO of Iglu in December 2009 and has helped the online ski agent grow its cruise holiday business.

It claimed that during the period of ownership, revenues and profits have more than doubled to make Iglu "the largest independent retailer of ski holidays" in the UK and one of the UK's largest online cruise agents.

The company’s revenues now exceed £90 million.

Iglu founder and managing director Richard Downs said: "Matrix has been an excellent and supportive financial partner over the past two and a half years. We now look forward to further growing our presence in the cruise market both domestically and in Europe."
 

Friday, June 1, 2012



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story
Code Request a new picture 5 characters



NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Have you had any cancellations yet due to the Zika virus ?
NO 61.19 %
YES 38.81 %

Thank you for your vote



Get Adobe Flash player
LATEST MOLES' GALLERIES
UPCOMING EVENTS
Sponsored features

Discover the Eastern & Oriental (E&O) Hotel in Penang



Established by the famed Sarkies Brothers in 1885, the Eastern & Oriental (E&O) Hotel in Penang is the only hotel in the heart of the George Town UNESCO World Heritage Site that possesses prime sea frontage. Today, the luxurious 228 all-suite hotel stands as the grand dame of heritage hotels, its distinctive classic elegance and grace of service enhanced with time.

For more information, visit www.eohotels.com

\m