The private equity company GED acquired Happy Tour, a Romanian travel agency.
Happy Tour (www.happytour.ro)
The Bucharest-based company leads the corporate travel market in Romania, a segment on which Happy Tour bases its strategy. The Company delivers services such as ticketing, organisation of events, conferences and conventions, team-building, customized trips for individual clients etc. Happy Tour has the country’s most important firms as clients including Petrom, Coca-Cola, Metro, Rompetrol.
For 2007, Happy Tour forecasts a total revenue of over € 45 million.
GED is one of the largest Spanish private equity firms in the “middle market” segment. The group manages a total fund volume of around € 350 million through several vehicles: GED Eastern Fund II, GED Iberian Fund I, GED Sur and GED Real Estate Eastern Investments.
GED has been one of the leading private equity firms in south-east Europe since its founding in 1996. It currently manages the GED Eastern Fund II private equity fund. GED EF II, with resources of some € 150 million, was established in April 2005 and has done 5 investments: Rosegur, Romanian Real Estate Partners, Fonomat, Fama and Happy Tour.