The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the share capital of Holiday Taxis Group Ltd by Hotelbeds Group, via Trina Group Ltd.
HBG Limited is the parent enterprise of The Hotelbeds Group, which is a travel-related service provider. HBG Limited is a company duly registered under the laws of Spain and is joint controlled by Fifth Cinven Fund, that is managed by Cinven Capital Management (V) General Partner Limited, which is part of Cinven group, and by Canada Pension Plan Investment Board. Their main activities are the intermediation for travel-related services between enterprises and also directly to customers.
Trina Group Limited, that acts as the buyer in the current transaction, is a company duly registered under the laws of United Kingdom and is indirectly a subsidiary of HBG Limited. Trina Group Limited is a holding company with a number of subsidiaries.
Holiday Taxis Group Ltd is a company duly registered under the laws of United Kingdom and is a business platform that works in the field of pre-booked ground transportation and acts as an intermediary in the provision of global transport solutions. This platform connects a fully fragmented network of ground-based transportation providers across the world.