Groupe Karavel - Promovacances
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Groupe Karavel - Promovacances - overview
Established
1998
Location
Paris, -, France
Primary Industry
Internet
About
Groupe Karavel - Promovacances is a France-based travel agency specializing in vacation packages, including flights and accommodations, tailored to various customer needs and preferences. Founded in 1998 and headquartered in Paris, France, Groupe Karavel - Promovacances operates as a travel agency that provides a wide array of vacation packages. The agency was co-founded by Folco Aloisi and Yorisse Fincato, with Cyrille Fradin currently serving as CEO. In December 2023, the company underwent a significant change when ADNEC Group agreed to acquire it from Equistone Partners Europe for undisclosed financial terms.
The latest financial activity includes a SECONDARY BUYOUT in which the company raised EUR 200. 000 mn, marking the total amount raised at EUR 200. 000 mn from four deals, with the most recent deal date being December 4, 2023. Promovacances is a travel agency providing a diverse range of vacation packages that include transportation and accommodation to various popular destinations, such as Tunisia, Greece, the Balearic Islands, and Morocco.
They partner with over 60 entities to offer competitive pricing on vacation options, including all-inclusive packages and themed travel experiences. The agency caters to individual and group travelers, focusing on leisure trips while also offering last-minute deals and tailored weekend getaways for families and couples. In the year 2019, Promovacances reported a revenue of EUR 157,306,920. 20, along with an EBITDA of EUR 19,940,737.
50. The company generates revenue primarily through direct-to-consumer sales of travel packages, which encompass transportation, accommodations, and sometimes additional services such as guided tours, through their online platform and a network of over 80 physical locations. Following the recent acquisition by ADNEC Group, which was finalized in December 2023, Groupe Karavel - Promovacances plans to leverage this opportunity for geographical expansion. This acquisition will enable the company to diversify its market reach.
Specific details on new product launches or upcoming markets have not been disclosed, but the strategic move is focused on enhancing the company's geographical footprint.
Current Investors
Opodo Limited, Equistone Partners Europe
Primary Industry
Internet
Sub Industries
Travel & Tourism, Search Engines
Website
www.promovacances.com
Verticals
E-commerce
Company Stage
Mature
Total Amount Raised
Subscriber access only
Groupe Karavel - Promovacances - timeline of key events
Groupe Karavel - Promovacances - financials
| Fiscal Year Ended | Sep 28, 2007 | Sep 28, 2008 | Sep 28, 2009 | Sep 28, 2010 | Sep 28, 2011 | Sep 28, 2012 | Sep 28, 2013 | Sep 28, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 265,000,000 | - | - | - | - | - | - | - | 231,316,721 | 225,217,062 | 226,673,147 | 110,588,167 | 140,470,318 | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - | 0.6% | (51.2%) | 27.0% | - | - | - | - |
| EBITDA (USD) | - | - | - | - | - | - | - | - | 10,528,593 | 9,959,373 | 7,093,795 | 18,528,797 | 17,806,475 | - | - | - | - |
| Operating Income (USD) | - | - | - | - | - | - | - | - | 5,589,609 | 4,534,008 | 1,781,254 | 16,289,179 | 12,073,387 | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | 2.4% | 2.0% | 0.8% | 14.7% | 8.6% | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | 4.6% | 4.4% | 3.1% | 16.8% | 12.7% | - | - | - | - |
| NET Income (USD) | - | - | - | - | - | - | - | - | 689,399 | (52,082,831) | (67,680,027) | 15,971,215 | 10,512,464 | - | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | 0.3% | (23.1%) | (29.9%) | 14.4% | 7.5% | - | - | - | - |
Groupe Karavel - Promovacances - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Groupe Karavel - Promovacances | - | ||||||||
| Secondary Buyout | Completed | Groupe Karavel - Promovacances | - | ||||||||
| Add-on | Completed | Plein Vent | - | ||||||||
| Add-on | Completed | Fram | - | ||||||||
| Secondary Buyout | Completed | Groupe Karavel - Promovacances | - |
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Groupe Karavel - Promovacances - employee data
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