Inflexion Nabs UK Online Travel Firm in $117.4M Buyout

Law360, New York (October 7, 2013, 2:21 PM EDT) -- In an effort to gain a foothold in the U.K.'s growing online travel business, Inflexion Private Equity Partners LLP has scooped up travel broker On The Beach Ltd. for £73 million ($117.38 million), the firm announced Monday.

Inflexion will fund the purchase, at least in part, with debt facilities provided by Lloyds Banking Group PLC, according to a statement.

“On The Beach has grown rapidly over the last few years, taking market share from traditional, high street travel agents ... Following our investment, we’ll support them...
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