London, 19 June 2013
GP Bullhound, the technology investment bank, has acted as exclusive financial adviser to Planetveo on a joint investment of €15m from Gimv and Iris Capital.Founded in 2007, the Planetveo group has grown rapidly and succeeded in becoming a benchmark in the market for tailor-made long-haul holiday packages to Asia, Africa, the Pacific region and America. Their offering combines genuine discovery and novel encounters with local cultures. It posted a turnover of more than €40 million in 2012, which represents an increase of 83% compared with the previous year, in one of the most profitable travel sectors. The group has a workforce of about 170.
Planetveo prides itself on offering a unique local expertise of its specialist advisors and providing its customers a fully personalised service. The group is also known for an excellent sales organisation thanks to an efficient platform, information system and Internet referencing system.
Planetveo founder and CEO Geoffroy de Becdelièvre commented: “GP Bullhound has been instrumental in finding the right investors for the next leg of the Planetveo journey. Their experience and determination to assist in every step of the transaction process has been very helpful. We are very pleased to welcome GIMV and Iris Capital as new investors. Their confidence in our company confirms the relevance of our strategy and business model”.
GP Bullhound Partner Guillaume Bonneton commented: “It has been a privilege to work with visionary entrepreneurs such as Geoffroy, Mathieu and their team. Planetveo, already the French leader in its field, is now ready to accelerate its growth, with the powerful backing of GIMV and Iris”.This transaction underlines GP Bullhound’s leadership position in the Online Travel space after having recently advised Webassets, which trades under the brands Zoover and Meteovista, on a majority sale to Tomorrow Focus. It furthermore demonstrates GP Bullhound’s commitment to the French market.
About GP Bullhound
GP Bullhound, an international technology investment banking group with offices in London, San Francisco, Stockholm and Berlin, has served companies and their founders and investors since 1999.
We provide advice on mergers & acquisitions and private placements as well as research and asset management to a diverse range of corporate clients, institutional investors and high net worth individuals. We specialise in digital media, eCommerce, gaming, social, online marketing, application and infrastructure software, consumer devices, integrated technology, telecommunication, solar, water and energy efficiency.
With a true love for entrepreneurship and innovation coupled with deep global buyer relations, we have completed transactions for many category leaders such as 192.com, Apertio, AudioAsics, Avito.ru, Bluewater Bio, CLX Networks, Concentrix, Cramer Systems, Funcom, Fjord, Essence, Glasses Direct, Handbag.com, Heliatek, King.com, Lastminute.de, Player X, Nanoradio, Neonode, Newbay, Steelseries, The Cloud, Tradedoubler, Tunigo/Spotify and Xjet Solar.
We have an international team of 35 experienced corporate financiers focused on the technology sector, and as a firm we have closed over 140 successful transactions since 1999.