Sale of Jiba to Sunweb
Sunweb has acquires all shares in Jiba. The combination becomes the leading online travel operator in the Dutch market and reaches the top-3 of suppliers of sun and winter sports vacations to European destinations with Euro 250 million in sales.
Jiba is the second largest web-based travel operator in the Dutch market with successive growth rates of over 50% per annum. Sunweb, acquired by Taros Capital in 2005, aims to become Europe’s leading web-based travel operator. Taros Capital is an independent investment management firm focused on control investments in partnership with management in niche market leading businesses headquartered in the Netherlands, Germany and Belgium.
PhiDelphi acted in this transaction as advisor to Jiba.