CVC Capital Partners ("CVC") today announced that CVC Fund VI has agreed to acquire Etraveli, the global flight-centric online travel agency (OTA), from ProSiebenSat.1. The agreement is subject to approval by the relevant authorities.

Etraveli, which is based in Uppsala, Sweden, is a global e-commerce platform for flight tickets (e.g. Gotogate, Supersaver/Supersavertravel, Seat24, Flygresor), combining a leading position in the Nordics with a fast-growing international business. The Company today fulfils over €2 billion in transactions annually across almost 50 countries, by delivering attractively priced flight content through its proprietary technology platform.

Lorne Somerville, Partner and Head of TMT at CVC, said: "The online travel sector is dynamic and fast-growing, and Etraveli is a clear front-runner due to its data-driven approach and highly scalable business model. We look forward to bringing the sector and wider CVC network together with Etraveli’s excellent management team to transform the company into a truly global platform."

Gustaf Martin-Löf, Managing Director in CVC's Nordics team, said: "Etraveli's sophisticated e-commerce approach and excellent customer offering have made it a leader in the Nordic and the European OTA space. Mathias and his team are widely recognised as one of the best teams in the travel industry, and we are excited to support them in their vision of growing Etraveli both organically and through strategic acquisitions."

Mathias Hedlund, CEO of Etraveli, commented: "We are delighted to be partnering with CVC Capital Partners for the next chapter in our growth story. Their sector expertise, knowledge of the local market and international network will be invaluable to us as we look to expand our offering to more geographies."

Evercore acted as financial advisor to CVC on the transaction. CVC was also advised by McKinsey & Company, Roschier, Hengeler Mueller and PwC.