The non-public fairness big which owns a stake in rugby’s Six Nations Championship is weighing a bid for a stake in one in every of Britain’s largest on-line journey brokers.
Sky Information has learnt CVC Capital Companions is among the many suitors contemplating making a proposal to turn out to be a partial proprietor of Loveholidays.
The journey firm, which has been backed by Livingbridge, a smaller non-public fairness agency, since 2018 has been exploring its possession choices for months.
Some trade sources imagine Loveholidays is leaning in direction of a minority stake sale following talks with potential buyers.
CVC’s curiosity is at an early stage and won’t result in a agency provide, they stated.
Loveholidays, together with OnTheBeach and TUI, ranks among the many UK’s largest journey brokers and has been a giant winner from the post-pandemic resurgence in demand from holidaymakers.
Final yr, Sky News reported bankers at Evercore have been being lined as much as run a course of and Loveholidays was prone to be price within the area of £1bn.
It specialises in journeys to the Mediterranean and Canary Islands, and boasts that its stock of 35,000 resorts and 99% of all flights end in 500 billion doable vacation packages.
Loveholidays was based in 2012 by Alex Francis and Jonny Marsh, and now employs lots of of individuals.
CVC declined to remark.
