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One of Britain's biggest online question agents (OTAs) is exploring a banal marketplace listing - a determination which could present a invited boost to London's fragile pipeline for archetypal nationalist offerings (IPOs).
Sky News has learnt that the proprietor of Loveholidays is moving with bankers connected a flotation apt to worth the institution astatine good implicit £1bn.
City sources said connected Thursday that archetypal meetings with organization investors had been scheduled, though further details of a imaginable listing were unclear.
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Loveholidays has been backed by Livingbridge, a backstage equity firm, since 2018, and has seen its fiscal show amended markedly since the COVID pandemic threw the question manufacture into chaos.
The institution specialises successful trips to the Mediterranean and Canary Islands, and boasts that its inventory of 35,000 hotels and 99% of each flights effect successful 500 cardinal imaginable vacation packages.
It reportedly saw pre-tax profits emergence by a 5th to £67.6m connected income of £284m successful the twelvemonth to October 2024.
Along with OnTheBeach and TUI, Loveholidays ranks among the UK's biggest question agents and has been a large victor from the post-pandemic resurgence successful request from holidaymakers.
Last year, Sky News reported that bidders including CVC Capital Partners, the backstage equity giant, were examining offers for a controlling involvement successful Loveholidays.
When that process was curtailed, it is besides said to person explored the merchantability of a number stake.
Loveholidays was founded successful 2012 by Alex Francis and Jonny Marsh, and present employs hundreds of people.
Livingbridge declined to comment.
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