Hotelbeds Group takeover finalised

The acquisition of Hotelbeds Group, the global provider of travel services based in Spain, by Cinven and Canada Pension Plan Investment Board (‘CPPIB’) has been completed.

Joan Vilà, executive chairman of Hotelbeds Group, commented: “Becoming an independent company with the backing of Cinven and CPPIB now allows us to invest and focus strongly on our three core capabilities: technology, innovation and distribution – further enhancing our portfolio of revenue-generating services for customers, in particular in the fast-growing bedbank sector where we see strong growth and consolidation opportunities.”

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