Clearwater advises Holiday Group Invest A/S on its sale to Capidea

Transaction

Holiday Group Invest A/S sold to Capidea

Sell-side

Undisclosed

Role

Adviser to Holiday Group Invest A/S on its sale to Capidea

Sector

Tech & Tech Services

Region

Denmark

Clearwater has advised Holiday Group Invest A/S (Holiday Group), which operates a market-leading online multi-brand platform for holiday home rental bookings, on its sale to Capidea.

Holiday Group consists of the subsidiaries Feline Holidays A/S, Vacasol GmbH and Tourist-Online A/S providing online holiday home rentals, mainly targeting Danish and German consumers. The company collaborates with several holiday home agencies, through partnerships and has a database of more than 140,000 holiday homes across Europe. The acquisition enables new opportunities for further development of current activities and a chance to pursue new strategic options for the company.

Capidea is a Danish private equity fund, making long-term investments in competitive small and medium-sized Danish companies. With the investment, Capidea will support Holiday Group’s growth and development. The current owners will continue in the company as minority shareholders and form part of the future management.

It has been a very positive experience working with Clearwater. Throughout the sales process, everything has been in order. The team has not only had a great overview, but they also had a good insight into the company and our work. Throughout the process, the team always kept their eyes on the goal, which resulted in a deal, which we are very happy with.
Allan Maul, CEO, Holiday Group Invest A/S

The founders and the very skilled organisation at Holiday Group have successfully developed a highly scalable business model, as well as an automated IT platform, which has enabled the company to achieve its market-leading position. We enjoyed working with Allan, Klaus, Ole, Martin and the wider team to find a suitable partner for the business that could provide strategic support for the future. In Capidea, as well as gaining a new chairman, Kurt Kvorning, Holiday Group have secured highly competent partners with both strategic and operational expertise to assist the company on its continued journey.
Per Surland, Partner & Head of TMT Denmark, Clearwater