Locus Capital Partners (Locus), a cross-border M&A advisory firm, is pleased to announce that the Destinations of the World (DOTW) which is one of leading global wholesale travel companies acquired BICO Trip (Bico). Locus advised DOTW in this transaction.
Founded in 1997 in Seoul, Korea, Bico provides world travel booking services such as online hotel booking, airline ticket booking, worldwide hotel and airline ticket reservations for individuals and institutional clients in various regions including Korea, Japan, China, Hong Kong, Singapore, Thailand, etc..
DOTW which is the leading wholesale travel company based in United Arab Emirates is glad to increase in scale and diversify its distribution covering Asia pacific region which is the industry’s highest growth markets through the acquisition of Bico.
Locus managed and executed the entire deal processes including valuation, management of financial and legal advisory, price & SPA negotiation, etc. successfully.