Groupe ADP to acquire The Private Suite from TPG.

Groupe ADP, an international airport operator that provides aviation-related services, agreed to acquire The Private Suite, an operator of private luxury terminals serving commercial flights, from TPG, an alternative asset management firm. Financial terms were not disclosed. “When we started PS, we were initially in the security and logistics business, but over time, the demand for our services has evolved and expanded to deliver that same experience with the added convenience and luxury that has become synonymous with the PS brand. With TPG’s resources and operational insights, coupled with our team’s deep hospitality expertise, we have successfully built a first-of-its-kind luxury travel service for commercial flyers – and we are just getting started. We are now at an exciting inflection point with ambitions to create an international brand and believe this partnership with Groupe ADP will enable us to offer more locations and experiences to our members, while creating new and exciting opportunities for our team," Amina Belouizdad Porter, PS CEO.