Thursday 4 July 2013

Rumours are surfacing of CarTrawler being valued at £150m

Travolution reported a couple of days ago that Holiday Autos’ new owner CarTrawler is being geared up for a potential sale that could value the business at more than £150 million.

Sky News reported that ECI Partners, the investment firm which owns a controlling stake in the Dublin-based provider of online car rental distribution systems, is lining up investment bankers to advise on an auction.

However, it is possible that ECI, which declined to comment on the story, will decide against a sale if its valuation expectations are not met by prospective buyers.

CarTrawler announced the acquisition of the online assets of Holiday Autos last month, buying them from Travelocity Global, the immediate parent company of Lastminute.com. The trade business and operations of Holiday Autos were not included in the deal. We will now have to see what happens next. Source Travolution July 3-2013

To see the Travolution report follow this link 

 To find out more about Holiday Autos the company the Dublin based company has recently bought follow this link

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