Belgian private equity firm Gimv has invested €16.2m for a stake in Easyvoyage, a French travel comparison site.
The investment is part of a capital restructuring of the business, which has also seen an equity investment from UFG Private Equity as well as a €10.5m bank loan.
The capital raised will be used to accelerate its growth in Europe both organically – by expanding into Germany and growing the new UK business – and through acquisitions, several of which are already under consideration.
The investment in Easyvoyage is already the fourth transaction of Gimv in France since the beginning of this year, following investments in Leyton & Associés and Made In Design and the sale of Fovea to Sanofi-Aventis. Currently, the Gimv portfolio contains ten French companies.