In August the company, which was started as an attic-based operation in 1996, hired advisors at corporate finance boutique Arma Partners after receiving buyout offers from a clutch of private equity firms and rival travel businesses. The equity injection by the US private equiy firm values Momondo at more than £132m and allows the existing management team to stay in place with Hugo Burge remaining as chief executive. “After a robust process we are pleased to be working closely with an investor who understands our culture and shares our vision – in a partnership which we believe represents the best outcome for our diverse range of stakeholders and investors”, Mr Burge said. Get the full story at The Telegraph