Private equity has helped build Skyscanner into a leading global travel search business based in Edinburgh and with offices across the world. When Scottish Equity Partners (SEP) made its initial investment in 2007, revenues were less than £1 million per annum. Since then, SEP has supported the company’s growth and strategic development so that in 2015 revenues reached £120 million. SEP also assisted with the launch of Skyscanner for Business, which now offers white label solutions to more than 400 corporate partners.
Today, the company employs over 700 people worldwide and has more than 50 million customers every month who use Skyscanner to plan and book directly from millions of travel options at the best prices.
Skyscanner’s position as a world leading travel search business would not have been possible without the great support we have had from SEP. They have been a consistently engaged, informed and astute partner throughout our journey.
Gareth Williams CEO, Skyscanner
What did the business need?
- Investment to develop a website to collate and compare prices for commercial flights across the world
- Support to expand its services to include hotels and car hire
- Assistance in creating a global business with a significant share of the online travel market
How did private equity backing create lasting value?
- Funded the development of a technology platform and extended reach across airlines globally
- Actively participated on the company’s board and contributed to strategic development
- Supported Skyscanner through key domestic and international acquisitions
- Assisted with the recruitment of key executive and non-executive appointments
- Helped raise £128 million from five new investors to support global growth
What outcomes did private equity investment achieve?
- Developed global site: now available in over 30 languages and 70 currencies
- Launched mobile app that has been downloaded over 40 million times
- Built global customer base: more than 50 million people use Skyscanner every month
- Created 280 jobs in 2015 alone with offices across Europe, the US and Asia
- Attracted over 400 partners including MSN, flybe, Yahoo!Japan and Condé Nast Traveller
- Achieved double-digit revenue growth for seven years: Skyscanner revenues for 2015 were £120m