SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion

To help fund the deal and TravelPerk's broader expansion efforts, the company also raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. AmTrav has long had data exchange arrangements in place with airline giants American Airlines and Southwest, he added. AmTrav, which operates in the same space as TravelPerk, will continue to operate under the same brand and its entire team will continue with the business. "Currently, the U.K. is our biggest market," Meir said in an inter ...