Long Term Investors Including GIC Bet on American Express GBT Unit

Posted on 12/17/2019


Leading a group of investors, private equity firm Carlyle Group LP signed a deal to purchase a stake in American Express Company’s corporate travel business. The unit is called American Express Global Business Travel (GBT). This equity recapitalization deal, which includes debt, gives GBT an enterprise value of US$ 5 billion. Sovereign wealth capital is […]