Skift Take
A leading travel and tourism investment firm acquires the third-largest tour operator in Europe.
Certares, a travel and tourism investment firm, led a consortium that acquired FTI Group, the third-largest tour operator in Europe.
This deal ends a restructuring begun in September to strengthen FTI's finances.
The consortium will own all of the share capital, and FTI will get about $130 million (€125 million