Global Business Travel Group Acquired by Long Lake Management Holdings | Business Services M&A Deal

Long Lake Management Holdings has completed the acquisition of Global Business Travel Group, a business services other business in the United States, for $5.1 billion. Long Lake Management Holdings acquires Global Business Travel Group to expand its business travel management and corporate travel services capabilities for enterprise clients. Global Business Travel Group provides managed travel programs and travel procurement solutions that support cost control and policy compliance for business travelers. The Long Lake Management Holdings acquisitions are structured as a platform acquisition led by a private equity acquisition strategy, positioning the buyer for further business services M&A growth.