Ruffena investors helped complete the investment round in record time.
Launched only three years ago, loveholidays is the UK’s fastest growing online travel agency, doubling in size each year with gross sales now at £79m. Having built a significant technology platform, further investment is sought to significantly increase its market share by 2017 ahead of a lucrative exit to a global sector player.
The Company started working with Ruffena only in late September, and completed its investment round on 24th October. The round was fully subscribed. The client had other offers but decided not to accept more capital, so investment was taken on a first come first served basis. The round was made up almost entirely of private investors and the new capital will enable the Company to fulfil its plans for accelerating growth ahead of seeking a strong commercial exit from the end of 2016.
ABOUT RUFFENA CAPITAL
Established in 2013, Ruffena Capital has evolved to become a boutique private equity advisory business with its own investment platform - focused on raising true growth capital or alternative finance, typically in the £2-10m range for its clients. Ruffena’s investors are largely a private audience of experienced UK and international investors, funds, family offices and certain wealth managers, who prefer established, highly tangible opportunities that can demonstrate the ability to scale and generate returns. Ruffena secured or advised upon over £42m going into client projects over the 2016-17 financial year. In the current year this has risen significantly and Ruffena has also had two clients IPO and one full exit in 2017-18. Ruffena does take on some earlier stage projects, however they must emphatically demonstrate thorough planning; tangible commercial potential; and a workable investment proposition.