Despegar Completes Acquisition of Viajanet (TVLX Viagens e Turismo S.A)
June 8, 2022
Despegar.com, Corp. has completed its previously announced acquisition of 100% of TVLX Viagens e Turismo S.A. (Viajanet) for approximately US$15.5 million, with payments staged between closing and June 2025 and subject to customary post-closing adjustments. The deal expands Despegar’s travel portfolio in Brazil by adding one of the country’s leading online travel agencies.
- Buyers
- Despegar.com, Corp.
- Targets
- Viajanet (TVLX Viagens e Turismo S.A)
- Industry
- Transportation
- Location
- São Paulo, Brazil
- Transaction Type
- Buyout
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