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.