Online travel agency On the Beach has been sold to Inflexion Private Equity.
The company has already been through a rapid expansion under ISIS Equity Partners, with Inflexion looking to continue the success with the website’s existing management team.
Simon Cooper, CEO and founder of Cheadle-based On the Beach said: “This is fantastic news for our business and we are delighted that Inflexion is investing in the next stage of growth for On the Beach. With their proven track record of working with businesses to grow both domestically and internationally, as well as their experience in the online retail sector, we feel they are the right partner for our business and we look forward to working together.”
Simon Turner, managing partner at Inflexion added: “On the Beach has grown rapidly over the last few years, taking market share from traditional, high street travel agents. The company has an exceptional management team which has developed a sophisticated and well-invested technology platform. Following our investment, we’ll support them to further grow the business in the UK, explore opportunities for international expansion and, with the help of our digital director, ensure the business is digitally optimised.”