Acquisitions tips

MMGY Global has been acquired by EagleTree Capital, a private equity firm. The travel and tourism agency’s previous owner was Peninsula Capital Partners LLC. The terms of the transaction were not disclosed.

Certares, a leading travel and tourism investment firm acquired FTI Group, the third-largest tour operator in Europe.

Indian low-cost carrier SpiceJet on Tuesday officially confirmed its intent to bid for Go First, which filed for bankruptcy in May this year.

Choice Hotels launched a bid Tuesday to acquire Wyndham Hotels & Resorts for $90 a share – a hostile offer that would create the largest budget hotel franchise in North America. Wyndham has rejected Choice’s bid.

HotelRunner, a hotel tech startup, has acquired the point of sale software company PayPad. 

Hyatt just lapped the one-year anniversary of acquiring the all-inclusive resort company Apple Leisure Group in a $2.7 billion deal. The Chicago, Illinois-based hotel group is now looking to expand its hotel presence in European cities that could help feed its all-inclusives, according to comments executives made as they reported its earnings.

A bid from German carrier Lufthansa for ITA Airways could come early next week, three sources familiar with the matter said on Friday, in a crucial step to speeding up the full privatization of Italy’s state-owned company.

Plusgrade, a Montreal-based company that helps travel businesses persuade travelers to spend more, has acquired UpStay, a growing provider of upgrade and ancillary revenue solutions for hotels, Plusgrade said Tuesday. Financial details of the transaction were not disclosed.

Abel Zhao, co-founder & CEO of FreeD Group, a technology innovator that specializes in proprietary enterprise application solutions, has acquired 75-year-old Connexus Travel from the parent company of Cathay Pacific, Swire Group. Financial details of the acquisition were not disclosed.

Eurocamp owner European Camping Group recently completed its acquisition of outdoor accommodation provider Vacanceselect Group for $1.1 billion (€1 billion). European Camping Group owns outdoor-centered accommodation brands.

Good morning from Skift. It’s Wednesday, August 9. Here’s what you need to know about the business of travel today.

Choice Hotels considers its recent acquistion of Radisson Americas to be a success and is open to pursuing additional mergers and acquisitions to keep expanding its hotel empire, according to executives speaking Tuesday during a second-quarter earnings call.