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New Deal


Announced

Completed

American Express Global Business Travel acquired Hogg Robinson Group for £640m.

Financials

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Transaction Value£442m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1.3x
EV/EBITDA7.38x
Share Price Premium-
One Off Charge-

Tags

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Corporate Travel Services

it solutions

services

corporate travel

Public

Scheme

Friendly

Single Bidder

United Kingdom

Completed

Synopsis

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American Express Global Business Travel, a global travel management company, has today announced it will acquire Hogg Robinson Group, a global B2B services company specializing in travel management, in a recommended all-cash acquisition of the entire issued, and to be issued, ordinary share capital. The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018. The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.

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