Background
Our investment partnership started with Iglu in May 2012 after being impressed by their high calibre operational management team and proven entrepreneurial leadership. They are a specialist online travel agent originally focussed on the ski holiday market who then expanded into the cruise holiday marketplace in 2006. Founded in 1998 by Richard Downs they have become a dominant agent within the market.
They had become a market leading business that had successfully capitalised on the channel shift from offline to online, especially in the skiing market. By 2013 they were one of the largest online players within ski and cruise sectors.
In June 2015 we worked alongside management to facilitate a successful sale of the business to a financial buyer.
