LAZARUS CONSULTING ADVISES CULTURE TRIP ON ITS SALE TO US NEWS

Lazarus Consulting is pleased to announce that its client, Culture Trip, a UK-based company in the travel sector with thousands of curated travel guides and a marketplace for tours all across the world, has been acquired by US News, a multifaceted digital media company headquartered in Washington DC. More than 40 million people visit USNews.com each month.

Over 3 million people have downloaded the Culture Trip app and culturetrip.com now has millions of monthly unique visitors, driven mainly by their award-winning content and 8.6 million social followers.

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.