Six banks to arrange Opodo LBO loans

10 Feb 2011

Private equity firms Axa and Permira have bought internet travel company Opodo from travel technology firm Amadeus for around Eu500m, and will raise Eu655m of loans as part of the transaction.

A portion of the debt will be used for the acquisition of Opodo, and the rest to refinance deals for rival firms eDreams, owned by Permira, and Go Voyages, owned by Axa.

Commerzbank, Credit Suisse, Goldman Sachs, Lloyds, Société Générale and UBS are underwriting the loans, which comprise a ...

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