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Carlyle, Others Buy Part of AmEx Corporate-Travel Business

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Carlyle Group and others are taking a stake in American Express Global Business Travel, in an equity recapitalization deal that values the company at $5 billion, including debt, according to a person familiar with the matter

Private-equity firm Carlyle Group LP and others are taking a stake in American Express Global Business Travel, in an equity recapitalization deal that values the company at $5 billion, including debt, according to a person familiar with the matter.

The business confirmed the investment Tuesday after the deal and valuation were reported by The Wall Street Journal. New investors include Carlyle Global Partners, Singapore’s sovereign-wealth fund GIC, the University of California Office of the Chief Investment Officer of the...

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