Fly.pl Acquired by Skyhook in Strategic Move
Deal News | Dec 16, 2024 | CEE Legal Matters
The article discusses the acquisition of Fly.pl, a Polish vacation comparison platform, by Skyhook, a joint venture between Posella Limited and Pale Fire Capital. While the financial terms remain undisclosed, the transaction highlights the growing interest in digital comparison platforms within the investment landscape. Larnaca-based Posella focuses on high-growth sectors such as media and real estate, whereas Prague-based Pale Fire Capital invests in a diverse range of public and private companies. Fly.pl, which has been in operation since 2018, allows users to compare travel packages, serving as an independent marketplace in Poland. Post-acquisition, Grzegorz Bosowski will continue as CEO, working with the existing management team. The legal advisory for the transaction was provided by Wolf Theiss, specifically the team led by Partner Krzysztof Libiszewski.
Sectors
- Media & Digital Platforms
- Investment & Asset Management
- Travel & Leisure
Geography
- Poland – Fly.pl is a Polish company serving as a vacation comparison platform within the Polish market.
- Cyprus – Posella Limited, an investment firm involved in the acquisition, is based in Cyprus.
- Czech Republic – Pale Fire Capital, another investment firm involved, is headquartered in Prague, Czech Republic.
Industry
- Media & Digital Platforms – Fly.pl operates as a vacation comparison platform, which falls under digital media services, a sector seeing significant investment focus.
- Investment & Asset Management – Posella and Pale Fire Capital are both investment firms, marking the transaction as tied to shifts within the investment management industry.
- Travel & Leisure – Fly.pl is a travel comparison platform, making this sector highly relevant to the article given the nature of its business model.
Financials
- Not Disclosed – The financial terms of the Fly.pl acquisition by Skyhook were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fly.pl | Target Company | Company | An independent vacation comparison platform in Poland, founded in 2018. |
| Posella Limited | Bidding Company/Buyer | Company | A Cyprus-based investment firm focusing on high-potential sectors. |
| Pale Fire Capital SE | Bidding Company/Buyer | Company | A Prague-based investment firm involved in both public and private sectors. |
| Skyhook | Bidding Company/Buyer | Company | A joint venture between Posella and Pale Fire Capital that acquired Fly.pl. |
| Grzegorz Bosowski | CEO | Person | CEO of Fly.pl, who will remain in his position post-acquisition. |
| Wolf Theiss | Legal Advisor | Company | A law firm providing legal advisory services for the transaction. |