TowerBrook Capital Partners completed a $120m investment in CarTrawler.

TowerBrook Capital Partners, an international investment management firm, completed a $120m investment in CarTrawler, a B2B provider of car rental and mobility solutions, from BC Partners and Insight Partners, two private equity firms. "We welcome the opportunity to support a business that employs hundreds of people and provides a valuable service to the travel industry. The lockdown measures implemented in response to Covid-19 have presented enormous challenges, even for well managed and attractively positioned companies like CarTrawler. However, the Company’s value proposition is, if anything, even more relevant post-Covid-19 than before. CarTrawler’s management, breadth of relationships and positioning provide an excellent platform to serve its customers and achieve its long-term growth ambitions as the travel market recovers," Gordon Holmes, TowerBrook Managing Director and Chief Investment Officer.