Etraveli Group, a leading global flight technology platform, today announces the completion of the transaction through which KKR has acquired a significant minority stake in the company alongside CVC Capital Partners, who originally acquired Etraveli Group in 2017. With the deal now closed, KKR officially joins CVC as a shareholder, marking an important milestone and the start of a new chapter for Etraveli Group. The partnership further reinforces Etraveli Group’s position as the world’s largest flight intermediary and fulfillment company outside of China.
Etraveli Group operates a globally leading tech platform for selling flights, connecting millions of flights and travelers across the globe. Throughout the last decade Etraveli Group has grown with >20% CAGR and with partners like Booking.com and the pivot to offering a comprehensive, competitive and easily accessible B2B tech platform, the company has the ambition to significantly outperform the market growth going forward. Under Etraveli Group’s B2B umbrella sits Tripstack, a B2B Flights-as-a-Service provider and world leader in virtual interlining. Tripstack serves as the gateway to the Group’s flight platform, giving partners access to global flight content, virtual interlining, and a full suite of services including payments, pricing, and customer support along with the group’s separate fintech entity with its flagship product, PRECISION – a risk management solution tailored for travel sellers and airlines.
With the transaction completed, KKR, a leading global investment firm with deep expertise across the global travel and technology sectors, will work alongside CVC as an active owner to support Etraveli Group in its continued global expansion.
