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Category: travel

Blackstone to buy VFS Global from EQT at $2bn valuation, eyes global travel recovery

Private equity major EQT has agreed to sell a majority stake in visa outsourcing services provider VFS Global to fellow buyout house Blackstone at a valuation believed to be over $2bn. EQT will retain a

AE Industrial Partners buys, merges Linkware and Pangiam to create travel, security tech business

Buyout house AE Industrial Partners has bought and merged Linkware and Pangiam to create a new travel solutions tech platform.

Howzat Partners to eye ailing travel sector with new €120m fundraise – report

Howzat Partners is reportedly raising a new $120m fund as it looks to profit from startup opportunities in the ailing travel sector.

Struggling Saga takes aim at former private equity owners over ‘dramatic’ debt increase, short-term decision making

The former private equity owners of UK insurance and travel specialist Saga have come under fire from the business for saddling it with large amounts debt.

L Catterton makes $150m investment in Latin America travel agency Despegar.com

Latin American online travel agency Despegar.com has picked up a $150m investment from consumer-focused private equity house L Catterton.

Bain Capital triumphs over PE competitors in bid to buy coronavirus-stricken Virgin Australia

The battle to buy coroanvirus-stricken airline Virgin Australia is over after Bain Capital won the bidding war to buy the business.

Elliott Management, Siris Capital-backed Travelport hopes to weather coronavirus challenge with up to $1bn of new financing

The private equity arm of activist investor Elliott Management Corp has teamed with Siris Capital to help existing portfolio business Travelport Worldwide weather the coronavirus crisis with up to $1bn of new financing.

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