General Atlantic to buy minority stake in TBO
Investment firm General Atlantic on Sunday announced to acquire a minority stake in global travel distribution company TBO Tek Ltd for an undisclosed sum.
For the deal, General Atlantic entered into an agreement with entities held by Affirma Capital.
Subsequent to this transaction, Affirma Capital will continue to remain invested in TBO, the company said in a statement. “We see immense potential in the path ahead for TBO, including global expansion opportunities, and are excited to partner with the Company to help enable the next generation of travel globally”, said Shantanu Rastogi, Managing Director and Head of India at General Atlantic.