Iglu.com Receives £19M Debt and Equity Investment from GCP

Iglu.com, a Wimbledon, UK-based online ski and cruise agent, has received a £19m debt and equity investment from GCP.

GCP is taking a significant minority stake in the business and will join the existing board.

The company intends to use the proceeds from the investment, which was a buyout from Matrix Private Equity Partners, to expand organically and through acquisitions into Europe.

Founded in 1998 by CEO Richard Downs, Iglu now employs 130 people and achieved sales of £90 million in the year to May 2012.



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