UK’s NVM Private Equity completes Intuitive MBO


holiday_170sqUK buyout specialist NVM Private Equity has backed the MBO of travel software company Intuitive from Lowcosttravel Group.

Peter Hodson, director of NVM Private Equity said, “We are very excited to be backing Paul Nixon and his team as they embark on Intuitive’s next phase of growth. [We] believe there is a significant opportunity to grow the business within the on-line travel industry in international markets.”

Paul Nixon, managing director of Intuitive, added “This significant investment by NVM underpins the next stage of our growth as we aim to become a global leader in the provision of software to the online travel sector. We are delighted to have NVM supporting our business and the management team.”

In November, 2012, NVM made a 2.3-times return on its investment in property management services business Paladin Group, following a £15.9m sale of the company.

Copyright © 2012 AltAssets