Tracked deals
9
9 tracked deals across 2021-2026.
Private Equity Firm
Other
Certares
New York, New York, United States
Certares is a privately owned investment firm founded in 2012. It invests in travel and tourism, hospitality, and business and consumer services, partnering with management teams to pursue strategic and operational improvements. Its investment activities also include hospitality real estate.
- Focus Areas
- Travel and tourism, Hospitality, Hotels and resorts
- Website
- certares.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Growth capital
5 growth capital · 2 recapitalization · 1 buyout
Certares Acquisition Volume by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 22, 2026
- Buyer
- Certares, New 2ND Capital
- Target
- Guardian Alarm
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Recapitalization
Certares closed a single-asset continuation fund to extend its partnership with Guardian Alarm, with the new investor group led by funds managed by New 2ND Capital. The transaction gave existing shareholders an option for liquidity and provided additional committed capital to support Guardian’s acquisition strategy and continued growth.
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August 20, 2025
- Buyer
- Certares Real Estate Management LLC (affiliate)
- Target
- Hyatt Regency Greenwich
- Seller
- Trinity Investments
- Industry
- Real Estate
- Location
- Connecticut, United States
- Type
- Divestiture
An affiliate of Certares Real Estate Management LLC has acquired a majority interest in the Hyatt Regency Greenwich from Trinity Investments. Trinity completed a $35 million renovation while owning the property and will partner with Certares to drive future growth and capitalize on favorable market dynamics in the Fairfield/Westchester region.
-
- Buyer
- Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC, CK Opportunities Fund I, LP
- Target
- Wheels Up Experience Inc.
- Industry
- Transportation
- Location
- New York, United States
- Type
- Recapitalization
Delta Air Lines, Certares Management LLC and Knighthead Capital Management LLC (via CK Opportunities) agreed to provide a $500 million facility — $400 million term loan plus a $100 million liquidity facility from Delta — to Wheels Up to support the company’s business transformation. As part of the recapitalization, Wheels Up will issue Class A common stock to participating lenders (who are expected to own ~95% post-transaction) to stabilize operations and accelerate the company’s path to profitability.
-
- Buyer
- Certares Real Estate Management LLC, HRI Hospitality, LLC
- Target
- DoubleTree Suites by Hilton Hotel Doheny Beach, Hilton San Antonio Hill Country
- Industry
- Real Estate
- Location
- United States
- Type
- Buyout
Affiliates of Certares Real Estate Management LLC and HRI Hospitality, LLC acquired the DoubleTree Suites by Hilton Hotel Doheny Beach in Dana Point, California and the Hilton San Antonio Hill Country in San Antonio, Texas. Both properties will undergo comprehensive renovations — the Dana Point property will be rebranded within the Hilton family — as Certares and HRIH reposition the assets in their hospitality portfolio.
-
- Buyer
- CK Opportunities Fund I, LP, Certares Opportunities LLC (Certares), Knighthead Opportunities Capital Management, LLC (Knighthead)
- Target
- Global Blue Group Holding AG
- Industry
- Payments & Fintech
- Location
- Vaud, Switzerland
- Type
- Growth capital
Global Blue Group Holding AG agreed to a $225 million strategic growth equity investment from CK Opportunities (co-managed by Certares and Knighthead). The capital — $180 million in Series B preferred and $45 million in common stock — will give the investor just over 13% on a fully diluted basis and will be used to fund working capital and pursue strategic add-on acquisitions in omnichannel retail technology.
-
December 16, 2021
- Buyer
- Certares Management LLC, Knighthead Capital Management, LLC
- Target
- Avia Solutions Group
- Industry
- Aerospace & Defense
- Location
- Lithuania
- Type
- Growth capital
Avia Solutions Group has entered a strategic partnership with Certares Management LLC, with additional investment from Knighthead Capital Management, providing a €300 million investment. The capital will be used for strategic acquisitions, capital expenditures and general corporate purposes, and Certares will join the group's Board to support global expansion and capability growth.
-
December 3, 2021
- Buyer
- Apollo Strategic Growth Capital, American Express Company, Expedia Group, Certares
- Target
- American Express Global Business Travel
- Industry
- IT Services
- Location
- New York, United States
- Type
- Growth capital
American Express Global Business Travel (GBT) entered into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (APSG) to create a large publicly traded B2B travel platform. The transaction is expected to provide up to $1.2 billion of gross proceeds (including an upsized $335 million PIPE) and is anticipated to close in the first half of 2022, subject to customary conditions.
-
November 22, 2021
- Buyer
- Certares Management LLC (funds managed by Certares)
- Target
- Avoya Travel
- Seller
- Anderson family
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Growth capital
Funds managed by Certares Management LLC have closed a strategic growth investment in Avoya Travel, joining Jeff and Michael Anderson as co-owners. The minority investment (terms undisclosed) will support Avoya's technology and platform growth while Brad Anderson moves to an advisory role and Van Anderson retires.
-
February 9, 2021
- Buyer
- Certares
- Target
- G Adventures
- Industry
- Restaurants & Hospitality
- Location
- Ontario, Canada
- Type
- Growth capital
Certares has completed a growth-capital investment in small-group adventure tour operator G Adventures. Founder Bruce Poon Tip remains the controlling shareholder; the capital will be used to accelerate M&A activity, upgrade shared services platforms, and support company growth following the pandemic.
Related Acquisition Pages
Real Estate Buyers & Acquisitions
2 tracked deals by Certares.
Restaurants & Hospitality Buyers & Acquisitions
2 tracked deals by Certares.
Aerospace & Defense Buyers & Acquisitions
1 tracked deal by Certares.
IT Services Buyers & Acquisitions
1 tracked deal by Certares.
Acquisitions in New York
2 tracked deals by Certares.
Acquisitions in Connecticut
1 tracked deal by Certares.
Acquisitions in Florida
1 tracked deal by Certares.
Acquisitions in Michigan
1 tracked deal by Certares.
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