LAZARUS CONSULTING ADVISES CULTURE TRIP ON ITS SALE TO US NEWS
Transaction Summary
Target: Culture Trip – global travel media platform
Acquirer: US News – US digital media company
Financial Advisor to Culture Trip: Lazarus Consulting
Lazarus Consulting advised Culture Trip, a UK-based travel platform, on its sale to US News, a leading US digital media company. Lazarus Consulting acted as the exclusive financial advisor to Culture Trip on the transaction.
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Lazarus Consulting is pleased to announce that its client, Culture Trip, a global travel media platform providing curated travel content and experiences, with millions of users worldwide and over 3 million mobile app downloads, has been acquired by US News, a US-based digital media company with a global audience of over 40 million users, known for its rankings, reviews and travel content. The transaction brings together Culture Trip’s curated travel platform with US News’ global audience and media reach, supporting the continued growth and development of the business.
With a team led by Steve Lazarus, Lazarus Consulting acted as the exclusive financial advisor to Culture Trip.
Culture Trip CEO, Ana Jakimovska commented:
“We hired Lazarus Consulting to handle our M&A transaction; we needed to secure growth funding but we were also open to a full exit, and the team overdelivered on multiple fronts. Their highly professional and commercial approach delivered Culture Trip a great result within the required timeframe. They ran a thorough and exhaustive process which resulted in us securing a terrific deal with a top tier strategic partner. We can offer only the highest recommendation; you cannot do better than the team at Lazarus Consulting.”
Lazarus Consulting CEO, Steve Lazarus commented:
“We are delighted to have supported Ana and her team on this game-changing transaction. This is a huge endorsement from a global media publisher powerhouse for a UK based travel champion. The transaction bolsters Lazarus Consulting’s track record in securing transactions in the ecommerce sector."
See here coverage of the deal by Sky News.
See here the official announcement by US News.
ABOUT LAZARUS CONSULTING
Lazarus Consulting is an award-winning boutique corporate finance advisory firm offering M&A advisory, capital raising and strategic review services to clients primarily in the technology, media and retail sectors.
If you would like to discuss similar strategic options for your company or portfolio, or if you are considering selling your company, please contact Lazarus Consulting.