JTB Corporation acquisition of Kuoni Travel Investments

Overview:

• JTB Corporation has acquired Kuoni Travel Investments from Kiwi GT Sub II, a company owned by EQT and the Kuoni Hugentobler Foundation (part of the Kuoni Group).
• Kuoni Global Travel Services is a leading travel company with a strong presence in Asia.
• JTB Corporation is a global destination management company (DMC) with a presence in 100 cities in 36 countries.
• The value of the deal was not disclosed.
• Kuoni was taken over by EQT in May 2016 - EQT $1.4 billion acquisition of Kuoni.
• The acquisition is another example of the increased interest Asian buyers have shown in Europe.
• The deal comes shortly after Thomas Cook India acquired Kuoni's DMC network in Asia, Australia, the Middle East, Africa and the Americas

Katrin Kostadinova - Data analyst