Morgan Stanley, the investment bank dumped as broker by Lastminute.com after it underwrote the flotation of the UK internet travel business, has been called back to advise on the company's sale to two private equity firms.

Goldman Sachs and Morgan Stanley were financial co-advisors to Sabre Holdings, the US parent of Lastminute.com, on its $5bn (€3.8bn) sale to private equity companies Silver Lake Partners and Texas Pacific Group.