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

Long Lake Management Holdings has agreed to acquire Global Business Travel Group, a business services other business in New York, for $9.50. Global Business Travel Group provides corporate travel management and related services for business travelers, supporting travel program administration and booking workflows. Long Lake Management Holdings acquisitions in business services M&A aim to expand travel-focused offerings through a going private acquisition in NY acquisitions. The deal is structured as a going private acquisition, with Long Lake Management Holdings as a private equity buyer pursuing a business services other acquisition and expected to close following approval of the merger agreement dated May 2, 2026.