Related: CarTrawler Chosen as Online Car Hire Service for easyJet
Private Equity Firm Takes Stake in CarTrawler
As the travel sector faces ongoing acute pressure, the investment of about $111 million will help CarTrawler during the recovery from the coronavirus pandemic.
May 28, 2020
CarTrawler announces the winners of its 2019 Customer Satisfaction Awards in Dublin in November, 2019.
Photo courtesy of CarTrawler.
1 min to read
CarTrawler, a B2B provider of car rental and mobility solutions to the global travel industry, announced on May 19 a controlling equity investment more than €100 million ($111 million) from TowerBrook Capital Partners L.P., an international investment management firm.
Cormac Barry, CEO of CarTrawler, said: “This investment will allow CarTrawler to come out of this period of unprecedented disruption with a stronger platform for growth. … Like many companies in the travel sector, we have experienced material trading impacts as a result of the Covid-19 but the crisis will pass, and this deal will allow us to further enhance our proposition to our partners and our suppliers.”
CarTrawler partners include American Express, Alaska Airlines, easyJet, Hotels.com, KLM, TravelStart, and Emirates, among others.
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