The private-equity owners of Odigeo are working with JPMorgan Chase & Co. (JPM) and Deutsche Bank AG to help prepare an initial public offering of the online travel agency this year, said two people with knowledge of the matter.
Odigeo, owned by Permira Advisers LLP and Ardian, the private-equity firm formerly known as AXA Private Equity, may be valued at about 1.5 billion euros ($2 billion), said one of the people, asking not to be named because the details aren’t public. The company is deciding whether to sell shares to the public in London, Paris or Madrid, according to the person.
Odigeo, with more than 15 million annual customers according to its website, was formed in 2011 with the merger of eDreams and Go Voyages, backed by Permira and Ardian respectively, alongside the acquisition of Opodo from Madrid-based travel services group Amadeus IT Holding SA. (AMS)
Spokesmen for the banks and the private equity owners of Odigeo declined to comment. Spokesmen for Odigeo declined to immediately respond to an e-mail seeking comment.
The Financial Times reported the move earlier today.