General Atlantic has agreed to acquire a minority stake in TBO Tek Ltd., a travel distribution company.
Founded in 2006, TBO is a travel distribution platform with $2.73 billion in gross transaction value for FY23 and a presence in over 100 countries. TBO aims to simplify the business of travel for travel suppliers through a technology platform that helps suppliers and buyers to transact easily. Affirma Capital will continue to remain invested in the company.
General Atlantic was advised by Bharucha and Partners (legal advisor). TBO and Affirma Capital were advised by Goldman Sachs (financial advisor), Quillon Partners (legal advisor to Affirma Capital), and Kaizen Law (legal advisor to TBO).