Monday, October 30, 2006
TA Associates buys Spain's eDreams
Boston Business Journal - Boston Business Journal
TA Associates has acquired eDreams for $192 million in a leveraged buyout.
The Boston-based private equity and buyout firm announced Sunday it completed the purchase of the Barcelona, Spain-based eDreams, an online travel company with most of its customers in Spain, Italy and France.
eDreams sales will exceed $380 million this year, according to TA Associates, which manages $10 billion in capital and has invested in more than 370 companies.
Founded in 1968, TA Associates has offices in London and Menlo Park, Calif. It employs upwards of 60 of its 90 worldwide staff in Boston. Of that, upwards of 50 employed are investment professionals.
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