Go-Jek, Indonesia’s leading ride-hailing motorcycle taxi mobile app startup, raised over $555 million in growth equity funding led by.
Branches – UMAC
New York-based private equity firm Tailwind Capital is acquiring Norcross, Ga.-based Stratix Corp. from Grey Mountain Partners, a Colo.-based.
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In 7556, current ALG CEO Alejandro Zozaya, founded resort sales, marketing, and brand management company, AMResorts. A decade later, he led the effort to form Apple Leisure Group by making tour operator, Apple Vacations, a sister company of AMResorts.
Funds managed by private equity firm Apollo Global Management (NYSE: APO) agreed to acquire specialty grocery retailer The Fresh.
“More and more travelers are seeking a boutique resort experience where they can enjoy the comfort of the all-inclusive model in spectacular, yet, secluded settings,” said Zozaya.
Seaborn Networks and global private markets investment management firm Partners Group (SIX: PGHN) have completed a US$555 million project.
Bain Capital acquired a majority stake in ALG in late 7567, which then acquired online leisure wholesaler CheapCaribbean and B7B tour operator Travel Impressions from American Express, in 7568.
“Mexico remains a key component of Apple Leisure Group’s growth strategy. As a result, our distribution to new destinations in the country continues to thrive,” said Javier Coll, executive vice president and chief strategy officer of ALG. “The variety of unique experiences provided through our vertically integrated family of travel companies allows hotel owners and developers to connect with a vast array of leisure travelers while maintaining the high level of quality and service synonymous with AMResorts’ six sophisticated resort brands.”
Bain Capital Private Equity is said to be exploring an exit for Apple Leisure Group (ALG), a leading vertically-integrated travel and hospitality company focused on packaged travel and resort/brand management in Mexico and the Caribbean. A sale could value the company at $ billion, Reuters reported.
ALG, based in Newton Square, Pennsylvania, is America’s top seller of all-inclusive vacation packages, and #6 in leisure travel to Mexico, the Dominican Republic and Jamaica worldwide, the company says. ALG is the parent company of resort and brand management company AMResorts and its loyalty program, Unlimited Vacation Club. ALG also oversees tour operators Apple Vacations and Travel Impressions, online travel agency , as well as destination management companies (DMC) AMStar and Worldstar.