Resource Partners Becomes Majority Shareholder of Vola.ro

Vola.ro, the online tourism operator in Romania, also present in Poland, Bulgaria and Moldova, announces the acquisition of an 80% stake in its capital by Resource Partner, one of the most important regional managers of private equity funds from Central and Eastern Europe.

With over 15 years of experience in the field, Resource Partners invests in companies with fast growth prospects and experienced management, which they support in scaling organically and through acquisitions.

Resource Partners supported a management buyout led by the existing leadership team.

“This transaction creates new opportunities for the development of the group of which Vola.ro is a part and strengthens the role of the Romanian market as a central point of the group’s activities”, says a press release.

As part of this strategy, the growth capital funds 3TS Capital Partners and Catalyst Romania exited the company’s shareholding, together with two of the group’s Polish co-founders.

Daniel Truică retains a significant minority stake and will continue to lead the strategic direction of the group as CEO. In addition, Resource Partners retains and supports the entire management team, a decision that represents a vote of confidence in its ability to continue the success and development of the company. Also, other members of the management team have become shareholders, a gesture that reinforces the team’s commitment to the continued success of the company.

Daniel Truică, CEO of Vola.ro said: “This transaction marks a new chapter for Vola.ro, where we will focus on growth and expansion into new markets in Europe. It is the second time in the history of Vola.ro that an institutional investor validates our business model and growth prospects, which honors us. We thank the investors who have supported us in the past and are excited to have the Resource Partners team join us in our mission to simplify flight booking through innovative technology and products.”

Aleksander Kacprzyk, Managing Partner at Resource Partners, stated in his turn: “The first investment in the Romanian market from fund III managed by Resource Partners is an important moment in which we have the opportunity to publicly demonstrate our commitment to this market. Vola.ro is the detached leader of the online tourism industry in Romania. Over time, the company has demonstrated an extraordinary ability to innovate its business model and has become a pioneer of the travel industry. In the future, the company will benefit from our experience as investors in the consumer goods & services sector, especially in the eCommerce vertical, and the ITH group will strengthen and expand its leading position in the region, accelerating both geographical and product expansion. We are confident that together with Daniel and the ITH team we will achieve these ambitious goals.”