Another Luxury Escapes bidder enters the fray

Another Luxury Escapes bidder enters the fray

It appears Luxury Escapes has received even more interest about a potential purchase of the online travel business, with an Australian private equity firm reportedly preparing an offer.

According to The Australian Financial Review, Adamantem Capital is looking to acquire part or all of Luxury Escapes, and has enlisted the services of Luminis Partners to help run the ruler over the company.

The private equity firm joins Qantas, Booking.com and Webjet as potential suitors for Luxury Escapes. The Australian reported last month that Flight Centre was understood to have pulled out of the race due to the price tag.

When asked about Adamantem Capital’s reported interest in the company, Luxury Escapes CEO Cameron Holland told Travel Weekly there was no change to his original statement, in which he denied any active deals.

“As a rapidly growing business, we recognise that we are subject to interest and speculation in the market from time to time,” he said back in November.

“There are no current active opportunities being considered by Lux Group. However, we regularly assess the market and consider strategic options which will enable Luxury Escapes to continue to grow its market leadership position and deliver value realisation opportunities to shareholders.

“With strong revenue growth of 30 per cent year on year and recent international expansion, Luxury Escapes has become a global leader in the luxury travel marketplace, particularly when it comes to the new generation of traveller.”

According to the Luxury Escapes website, the business has more than two million subscribers globally, with customers across Australia, New Zealand, Singapore, India, Hong Kong, the US, and the UK.

Luxury Escapes is owned by Lux Group, a privately-owned business based in Melbourne which was founded in 2009 by Jeremy Same and Adam Schwab.

Lux Group has more than 150 team members globally, with major offices in Sydney, Melbourne, Bangalore, Singapore, and San Francisco.

Latest News

  • Cruise

Princess Cruises unveils Sanctuary Collection, Star Princess to sail Alaska in 2026

From the sunny port of Barcelona, the Sun Princess welcomed worldwide media aboard for an update on what’s new and what’s next for Princess Cruises today, 23 April. The setting also doubled as the official naming ceremony for Princess’ first sphere class ship which was live streamed around the ship for all guests to enjoy. […]

  • News

Collette special offers across peak northern summer season

Global tour operator Collette has announced a series of special offers on selected dates across a range of tours in the peak northern hemisphere 2024 summer season. Greece The offers include ‘Greece & Its Islands’ features classics such as the Parthenon as well as the picturesque islands of Mykonos and Santorini. A saving of $700 […]

  • Aviation
  • News

Air India and All Nippon codeshare between the two countries

Air India and All Nippon Airways have signed a codeshare agreement connecting their networks. The new commercial partnership will provide more travel opportunities for customers of both India’s leading global airline and the largest Japan’s largest carrier. Effective from 23rd May, the Air India and All Nippon Airways agreement will see passengers fly to their […]

  • News

A&K offers minimum 18 weeks paid parental leave

A&K Travel Group will now provide a minimum of 18 weeks paid parental leave for both care-givers, setting a new standard for the travel industry. By providing 18 weeks of paid time off for all new parents, regardless of gender, A&K Travel Group is not only enabling parents to spend valuable time with their newborns […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]