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Permira’s EDreams Odigeo Announces IPO Plan for Madrid Listing

EDreams Odigeo, a Spanish online travel agency, announced an initial public offering in Madrid, helping end a listings drought of almost three years in the country.

EDreams Odigeo said it would sell new shares to investors and use the proceeds to redeem some senior 2019 notes issued by subsidiary Geo Travel Finance S.C.A. Odigeo is owned by Permira Advisers LLP and Ardian, the private-equity firm formerly known as AXA Private Equity which will also sell shares in the sale.