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.”
