Flyin sold to Cleartrip

Flyin: Saudi Arabia’s leading online travel aggregator

Founded in 2008, Flyin, the first and largest online travel aggregator in Saudi Arabia, offers integrated travel services and innovative solutions for customers across the MENA region and around the world.

Through its direct access to over 320,000 hotels, more than 450 airlines and one of the widest networks of travel products and services, Flyin is the largest online travel company in Saudi Arabia. Moreover, with its focus on customer service, this ensures it is the preferred one-stop-shop for the Saudi traveller.

A combination which will enable both companies to leverage new technologies, talents and business intelligence to strengthen their travel offerings

Cleartrip is the leading online travel & leisure aggregator in the Middle East and India. Founded in 2006, Cleartrip offers its customers a comprehensive and personalised travel experience through its innovative and award-winning mobile and desktop solutions. Combining intuitive products with a customer-centric approach and the widest selection of flights and hotels, Cleartrip brings a highly differentiated value proposition to market, offering convenience, choice, competitive prices and exclusive content.

The partnership will benefit both Cleartrip and Flyin as they make strides to capitalise on the growing shift to online in the Middle East and North Africa (MENA) region, which is home to a large population of tech-savvy consumers and has among the highest levels of smartphone and internet penetration in the world.

Together, the combined company will have over 60% market share throughout the Middle East. The combination marks the largest online travel transaction in the MENA region so far.

GCA Altium acted as sole advisor to the sellers.

Related Transactions

GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.