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Corporation
INTERNET | eCommerce / Travel (internet)
lastminute.com

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Founded Year

1998

Stage

Acq - P2P - II | Acquired

About Lastminute

Lastminute allows users to book last second travel deals for hotels and flights this weekend and beyond. Lastminute was, prior to its acquisition, a European online travel and leisure group which operated directly in fourteen European countries and participated in three international joint ventures, providing travel and leisure inspirations and solutions to customers.The business was based on the idea of matching supply and demand. lastminute.com offers consumers opportunities to acquire airline tickets, hotel rooms, holidays (both self packaged and third party packages), car hire, entertainment tickets, restaurant reservations and food delivery, specialty services, gifts and auctions. The company grew both organically and through acquisitions completing 14 acquisitions in 2002-2005 and owned operated online brands including holidayautos.com, travelprice.com, degriftour.com, travelselect.com, travel4less.co.uk, eXhilaration.co.uk, medhotels.com, first-option.co.uk, gemstonetravel.com, onlinetravel.com and lastminute.de.lastminute.com sought to differentiate itself by packaging and delivering products and services, such as restaurant reservations, entertainment tickets and gifts, in convenient, novel and distinctive ways. lastminute.com was founded by Brent Hoberman and Martha Lane Fox in 1998. Brent Hoberman remains as CEO of the company which currently employs approximately 2,000 people throughout Europe.On July 20, 2005, Sabre Holdings Corporation (NYSE:TSG) announced the acquisition of lastminute.com plc ("lastminute") by Travelocity Europe Limited was completed. T The acquisition price for the shares in lastminute.com and the redemption price payable in respect of lastminute.com's bonds equated to an equity value of approximately GBP 577M (approximately $1,020M) and an enterprise value of approximately GBP 584M (approximately $1,034M), including gross debt of approximately GBP 79M (approximately $138M) and estimated cash at bank in hand of approximately GBP 72M (approximately $125M).

Lastminute Headquarter Location

23-59 Staines Road

Hounslow,

United Kingdom

Latest Lastminute News

Lastminute's co-founder: 'A lot of money is going to be made solving the climate crisis' - Raconteur

Sep 14, 2021

3h agoVenture CapitalraconteurViews: 13 With venture capital investment in climate technology hitting new highs, Lastminute.com and Made.com co-founder Brent Hoberman believes investors, rather than movements like Extinction Rebellion, will help pave the way to a greener future - Access Over 250K+ Industry Headlines, Posts and Updates ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY.CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN.PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.THIS IS NOT A SOLICITATION FOR INVESTMENT.THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY.IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES.ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM.PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT. ALPHAMAVEN

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Expert Collections containing Lastminute

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lastminute is included in 1 Expert Collection, including Travel Technology (Travel Tech).

T

Travel Technology (Travel Tech)

2,091 items

The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.

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