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Announced

Strawberry Group, Altor and TDR Capital to acquire Nordic unit of Thomas Cook.

Synopsis

Private equity firms Altor and TDR Capital, alongside Norwegian investor Petter Stordalen’s Strawberry Group, agreed to acquire Nordic unit of Thomas Cook, a collapsed British global travel group. Financial terms were not disclosed. Strawberry Group and Altor will each take a 40% stake in the business, with TDR Capital buying the remaining 20%, the parties said in a joint statement. The business will be restructured to form a new group, called Wing Group.

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