Insight Venture Partners is co-investing in the business by acquiring a minority stake, whilst the management team will be retaining a significant shareholding.
Completion of the deal is subject only to competition clearance formalities. Terms of the deal are not disclosed.
Based in Dublin, CarTrawler is the leading global provider of multi branded car rental solutions to partners in the travel industry, including airlines, OTAs and other online travel related operators.
It has over 1,000 partners, connecting end customers to more than 1,200 suppliers across 30,000 pickup locations.
It also operates online car rental sites under the Holiday Autos and Argus Car Hire brands.
BC Partners plan on growing the business through enhancing CarTrawler’s already impressive track record in assisting its partners in the travel industry provide seamless car rental functionality, as well as through expanding CarTrawler’s presence across international markets.
Today’s announcement follows on BC Partners’ successful investment in Amadeus, a leading airline booking technology business in 2005.
Completion of the deal is subject only to competition clearance formalities. Terms of the deal are not disclosed.
Based in Dublin, CarTrawler is the leading global provider of multi branded car rental solutions to partners in the travel industry, including airlines, OTAs and other online travel related operators.
It has over 1,000 partners, connecting end customers to more than 1,200 suppliers across 30,000 pickup locations.
It also operates online car rental sites under the Holiday Autos and Argus Car Hire brands.
BC Partners plan on growing the business through enhancing CarTrawler’s already impressive track record in assisting its partners in the travel industry provide seamless car rental functionality, as well as through expanding CarTrawler’s presence across international markets.
Today’s announcement follows on BC Partners’ successful investment in Amadeus, a leading airline booking technology business in 2005.
