BGH Capital buys majority stake in OTA TripADeal
BGH Capital has snapped up a controlling stake in Byron Bay based online travel firm TripADeal.
BGH has bought a 55% stake in the company for an undisclosed amount.
It is not a fire-sale transaction due to the Covid-19 pandemic, TripADeal says.
The two companies had been discussing a stake sale since last year before the pandemic upended TripADeal’s business.
The company laid off nearly half its staff with the rest receiving JobKeeper funds.
"Well before Covid we knew they were the ideal fit. Working with them through Covid has only reinforced the common culture and respect we have always looked for," TripADeal said.
"BGH has significant experience in tourism and their partners share our vision for growth as the travel industry takes off post-Covid."
BGH is currently working through an acquisition for theme park and cinema operator Village Roadshow, and was in the running to buy Virgin Australia.
Founded in 2011, TripADeal handles about 60,000 Australians and Kiwis a year, booking mostly overseas trips.
Written by Ray Montgomery, Asia Pacific editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025