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General Atlantic to buy minority stake in TBO

By TBM Staff - Mumbai Monday, 23 October 2023, 12:40 PM 265

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 […]Continue Reading

TBO forays into Irish market with Trek Travels DMC buying 51% stake in BookaBed

By TBM Staff - Mumbai Tuesday, 5 April 2022, 12:45 PM 1701

Tek Travels DMCC, a wholly owned subsidiary of TBO Tek Limited (TBO) has acquired 51% shareholding of BookaBed AG (BookaBed). Investment in BookaBed will enable TBO to scale up its business’s services and offerings. BookaBed AG, based in Switzerland, is also a B2B accommodation provider to the Irish and UK travel industries. BookaBed intends to […]Continue Reading