Deal Snapshot
DESPEGAR TO ACQUIRE VIAJES FALABELLA TO ENHANCE MARKET POSITION IN TRAVEL SERVICES
Wednesday 17 April 2019

Argentina-based online travel company Despegar.com, Corp. (NYSE: DESP) has entered into an agreement with Chile-based financial services provider Falabella Financiero to acquire 100% ownership of Viajes Fabella's operations, the company said.

The companies have established a 10-year commercial agreement in Chile, Colombia, Peru and Argentina, the company said. The acquisition of Viajes Falabella in Chile, Colombia, Peru and Argentina, together with the license to use the Viajes Falabella brand name has been agreed for a total consideration of USD 27m. The transaction assumes the transfer of these operations free of any financial debt.


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Details
Date Published: 17/04/2019
Target: Viajes Fabella, ´s operations
Country: Chile
Deal Size: 27m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: Falabella Financiero
Buyer: Despegar.com, Corp
Comment:


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