Share Prices & Company Research

Market News

13 May 2021 | 10:26

Moneysupermarket's travel business to combine with

(Sharecast News) - Price comparison website said on Thursday that its TravelSupermarket business (TSM) will combined with to enable "stronger and broader travel comparison services across both brands". is an online package holidays travel intermediary specialising in price comparison and deals. "Both brands will be retained, with each benefiting from revenue diversification, shared commercial expertise and greater audience reach," the company said.

The transaction is structured as a cash-free exchange with both TSM and Icelolly entering the combined business on a cash and debt-free basis. Moneysupermarket will own 62% of the combined entity and will have board control, with the remaining equity held by Palatine Private Equity, which is the current owner of, and the management team.

The company said no new capital is being invested into the business, although it has agreed a loan note of £4m to fund working capital requirements.

In 2019 the combined revenue for the two brands was around £30m, with 2020 performance significantly impacted by the Covid-19 pandemic.

Moneysupermarket chief executive Peter Duffy said: "The combination of TravelSupermarket and will benefit customers of both brands with a richer and more diversified offer as the travel and holiday markets recover.

"As well as unlocking commercial benefits, the creation of a standalone entity under a dedicated management team will give us greater flexibility going forwards to maximise shareholder returns."

Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 7th October 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.