GIMV and Iris Capital invest in Planetveo
The online travel agency for tailor-made journeys.
September 2013 - GP Bullhound acted as exclusive financial adviser to Planetveo on a joint investment of €15m from Gimv and Iris Capital.

Founded in 2007, the Planetveo group has grown rapidly and succeeded in becoming a benchmark in the market for tailor-made long-haul holiday packages to Asia, Africa, the Pacific region and America. Their offering combines genuine discovery and novel encounters with local cultures.. It posted a turnover of more than €40 million in 2012, which represents an increase of 83% compared with the previous year, in one of the most profitable travel sectors. The group has a workforce of about 170.

Planetveo prides itself on offering a unique local expertise of its specialist advisors and providing its customers a fully personalised service. The group is also known for an excellent sales organisation thanks to an efficient platform, information system and Internet referencing system.

Planetveo founder and CEO Geoffroy de Becdelièvre commented: “GP Bullhound has been instrumental in finding the right investors for the next leg of the Planetveo journey. Their experience and determination to assist in every step of the transaction process has been very helpful. We are very pleased to welcome GIMV and Iris Capital as new investors. Their confidence in our company confirms the relevance of our strategy and business model”.

GP Bullhound Partner Guillaume Bonneton commented: “It has been a privilege to work with visionary entrepreneurs such as Geoffroy, Mathieu and their team. Planetveo, already the French leader in its field, is now ready to accelerate its growth, with the powerful backing of GIMV and Iris”.