Deals

Sawadee was sold to Intrepid Travel

Travel agency

Background

Headquartered in Amsterdam, Sawadee Reizen is one of the largest experiential tour operators in the Netherlands, offering over 250 trips across 100 countries with a global team of 180 people. Sawadee will continue to operate under its existing name and brand, which is well-recognized in the Netherlands.

Sawadee was previously part of Travelopia, the world’s leading experiential travel company, with a unique platform for accelerating the growth and long-term success of specialist experiential travel brands. Travelopia’s portfolio includes market leading brands in polar expedition, active adventures, private jet tours, yacht and riverboat charter, golf tours, and high-end tailormade travel. It has over 2,500 employees, and sells in c125 source markets, to c140 destinations.

Deal Summary

Intrepid Travel acquires Sawadee from Travelopia. The acquisition will add €60m in revenue and an additional 20,000 customers per year to Intrepid, boosting EBITDA by an extra €3m. It will immediately make the Netherlands Intrepid’s fourth-largest source market (after Australia, the US, and the UK). Intrepid and Sawadee have enjoyed a successful working partnership since 2011. Intrepid DMC operates a number of Sawadee’s trips, delivering high-quality, locally focused, immersive travel experiences with a strong commitment to responsible travel.

Learn more

Ruud van Hoek

Stepstone Corporate Finance+

T: +31 621577232

Max Schute

Stepstone Corporate Finance+

T: +31 624272299