eTravel Acquired Significant Stake by Enterprise Investors
Deal News | Jan 07, 2025 | Enterprise Investors Sp Zoo
Enterprise Investors Fund IX, in conjunction with the European Bank for Reconstruction and Development (EBRD), has signed an agreement to acquire a significant minority stake in eTravel, a prominent tech-enabled business travel management company in Central and Eastern Europe. The EUR 58 million investment is intended to support eTravel's consolidation efforts in the market and is subject to approval by Polish regulatory authorities. This strategic alliance aims to facilitate the buyout of passive shareholders and foster the company's growth through geographical expansion and enhanced market positioning. eTravel, founded in 2006, leverages an advanced booking platform to deliver seamless travel management solutions, serving notable clients such as UNICEF and the National Bank of Poland. The investment aligns with the ambition of Enterprise Investors to boost companies exhibiting technological innovation and potential in the business travel management sector, which is increasingly relying on digital solutions for operational effectiveness. The partnership underscores Enterprise Investors' dedication to driving growth in sectors experiencing rapid digital transformation and efficiency improvements.
Sectors
- Business Travel Management
- Private Equity
- Digital Solutions
Geography
- Poland – eTravel is based in Poland, and the investment deal requires approval from Polish authorities.
- Central and Eastern Europe – The article details eTravel's operations and growth ambitions across the Central and Eastern European region.
Industry
- Business Travel Management – The article focuses on eTravel, a leading company in the business travel management sector, emphasizing its growth and consolidation strategies.
- Private Equity – Enterprise Investors' involvement through Fund IX and partnership with EBRD highlights activity within the private equity industry.
- Digital Solutions – eTravel's use of a proprietary booking platform underscores the role of digital solutions industry in transforming travel management services.
Financials
- EUR 58 million – The investment amount by Enterprise Investors Fund IX and EBRD into eTravel.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enterprise Investors Sp. z o.o. | Private Equity Investor | Company | A major private equity firm in Central and Eastern Europe investing through Fund IX. |
| eTravel | Target Company | Company | Central and Eastern Europe's largest tech-enabled business travel management company. |
| European Bank for Reconstruction and Development (EBRD) | Minority Co-Investor | Company | An international financial institution investing alongside Enterprise Investors in eTravel. |
| Andrzej Wierzba | CEO | Person | Founder and CEO of eTravel, leading the company's strategic partnership with Enterprise Investors. |