Announced
Completed
Financials
Tags
Digital Services
tax free
tax free shopping
internet based services
Switzerland
Completed
Acquisition
Single Bidder
Friendly
Minority
Cross Border
Private Equity
Public
Synopsis
Certares, a global travel, tourism and hospitality investment firm, and Knighthead, a credit investment management firm, completed the $225m investment in Global Blue, a tourism shopping tax refund company. Global Blue intends to use the funds to continue pursuing strategic add-on acquisitions in Payment and omnichannel Retail Technology and to fund working capital requirements associated with the significant recovery underway in its core Tax-Free Shopping business, after two years of reduced activity due to the Covid-19 pandemic.
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