Specialist ski and cruise holiday agent

Investment highlights

Iglu.com logo

Mobeus Equity Partners realised its investment in Iglu.com through a £19m secondary buyout. 

Iglu was founded in 1998, has a turnover of £90m and is the largest online ski travel agent and the fastest growing cruise travel agent in the UK.

Original Deal

In December 2009, Mobeus invested £4.3m into Iglu.com, a market leading online travel agent, as part of a buyout and recapitalisation of the business. An established operator in ski, Iglu.com had just entered the nascent cruise market.


Following the original transaction, the business invested heavily in building its cruise operations and revenue increased from £45m to £90m. Profits also doubled over the period.


In May 2012, the company was sold in a secondary buyout to Growth Capital Partners in a £19m transaction.

Mobeus Returns

The sale returned £11.1m in cash to the Mobeus VCTs achieving a return equating to a 2.6x money multiple and an IRR of 70% from the deal.

Key facts


Consumer & Healthcare


Mobeus VCTs

Deal type

Management buyout

The team

If you’re facing a similiar challenge, why not contact one of the team behind this investment