Investment funds managed by private equity firm EagleTree Capital have acquired travel marketing firm MMGY Global.
EagleTree acquired MMGY from Peninsula Capital Partners and other shareholders, including current and former employees and the original founders of the business. Terms of the transaction were not disclosed.
EagleTree is partnering on the transaction with Investment Management Corporation of Ontario, and several of EagleTree’s fund investors will be co-investing alongside them, including Northwestern Mutual.
MMGY Global’s management team will remain in place with CEO Katie Briscoe continuing to lead the company. Executive chairman and former CEO Clayton Reid will continue to serve on the board of directors.
MMGY’s clients include Visit California, Costa Rica Tourism, Pure Michigan, Singapore Airlines, Windstar Cruises and Brand USA.
EagleTree’s other investments include Northstar Travel Group, parent company of Travel Weekly.
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