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. Inflexion acquired the comp... For the full story register now for free or login below...
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