TBO to acquire Classic Vacations from The Najafi Companies for $125m.

TBO, a global travel distribution platform, agreed to acquire Classic Vacations, a provider of luxury vacation planning services, from The Najafi Companies, a private equity firm, for $125m. "Classic Vacations is led by a strong team of experts and will continue as an independent brand while leveraging TBO's technology and distribution capabilities to grow their business," Gaurav Bhatnagar, TBO Co-Founder and Joint Managing Director.