News Formal

Carlyle, Others Buy Part of AmEx Corporate-Travel Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I need the Black American Express . Send now please.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carlyle, others to buy stake in AmEx's corporate travel businessPrivate equity firm Carlyle Group LP said on Tuesday it had agreed to buy a stak...
Source: Reuters - 🏆 2. / 97 Read more »