American Express Global Business Travel (GBT) to Go Public via Business Combination with Apollo Strategic Growth Capital

American Express Global Business Travel Agrees to Acquire Egencia from Expedia Group

May 4, 2021

Professional Services

American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, the corporate travel arm of Expedia Group, bringing Egencia into GBT’s business travel platform. As part of the proposed deal Expedia Group would take a shareholder stake in GBT and enter a long-term commercial agreement to power Egencia, subject to employee consultations and customary regulatory approvals.

American Express Global Business Travel Acquires Ovation Travel Group

January 21, 2021

Professional Services

American Express Global Business Travel (GBT) has acquired Ovation Travel Group, including its brands such as Lawyers Travel and Chartwell Travel. The deal brings Ovation's high-touch corporate and luxury travel services and ~700 employees into GBT, giving Ovation access to GBT's global reach, technology platform and products; terms were not disclosed.

Amex GBT Acquires CWT for Approximately $540–$570 Million

March 25, 2024

IT Services

American Express Global Business Travel (Amex GBT) agreed to acquire CWT, a global business travel and meetings solutions provider, valuing CWT at about $570 million on a cash-free, debt-free basis. The transaction was later amended to a revised valuation of approximately $540 million and is funded with a mix of stock and cash; Amex GBT ultimately completed the acquisition.

Apollo-Managed Funds to Acquire The Travel Corporation

July 16, 2024

Restaurants & Hospitality

Apollo-managed funds have entered into a definitive agreement to acquire The Travel Corporation (TTC), a privately held portfolio of 18 travel brands including Trafalgar, Uniworld Boutique River Cruises, Contiki and Insight Vacations. The deal — excluding certain assets such as The Red Carnation Hotel Collection — is part of TTC's family succession plan and is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals.

American Express Global Business Travel Acquires AI Messaging Start-up 30SecondsToFly

October 8, 2020

AI & Machine Learning

American Express Global Business Travel (Amex GBT) has acquired AI and messaging start-up 30SecondsToFly to integrate its conversational, AI-powered self-service technology into GBT's mobile and messaging channels. The acquisition (closed October 8) will enhance GBT's traveler messaging and automated servicing capabilities while the 30SecondsToFly AI developers join GBT's technology team; terms were not disclosed.

Apollo Global Management to Acquire Nippon Sheet Glass Company in ~$3.7B Deal

March 27, 2026

Manufacturing

Apollo Global Management announced that its managed funds entered into definitive agreements to acquire Nippon Sheet Glass Company for nearly $3.7 billion. The transaction includes an equity injection by Apollo funds and a conversion of part of NSG’s principal lenders’ debt into equity, with regulatory approvals and shareholder approval required and an expected close around March 2027.