Now Inflexion puts a further £42m of travel firm’s shares up for grabs
Mid-market private equity firm Inflexion is offloading most of its stake in travel company On the Beach to raise about £42m.
It is selling 11.5 million shares- about 8.8% of On the Beach’s share capital - at 365p each and takes the overall stake Inflexion has in the business down to 2.9%.
Two months ago, a prior share sale by Inflexiion realised £42.9m.
On the Beach was founded by chief executive Simon Cooper 17 years ago and sells beach holidays online in popular destinations across Europe.
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