Apollo tips

Expect more private equity deals in the tour operator and travel agency sectors.

Apollo Global Management, an asset management company and private equity firm, and The Travel Corporation (TTC), a private travel company that owns 18 travel brands, announced an agreement for Apollo-managed funds to acquire TTC.

SAS and Apollo extend their partnership with a new 3-year, 4.5 billion SEK agreement, reinforcing SAS as Apollo’s main charter operator in Scandinavia with expanded European destinations.

More than two months after Tripadvisor formed an independent committee to mull a potential sale, there has been silence from both controlling shareholder Liberty Tripadvisor Holdings and Tripadvisor itself.

Ever since Liberty Tripadvisor disclosed in early February that it was exploring a potential transaction in which itself and Tripadvisor would be acquired in an all-cash deal, speculation was rife that a private equity firm was behind the possible move.

U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter.