Resilient Media Entertainment

Thursday, March 15, 2012

Travelex, private equity giants in race for Thomas Cook India

By TBM Staff

Mumbai


Thomas Cook has received at least eight proposals from potential buyers, the travel company said yesterday, as it closed bids for the sale of its India business. Several private equity and global investment firms, including Kohlberg Kravis Roberts (KKR), Carlyle Group, Everstone Capital, TA Associates, and Actis, are learnt to be in the race to acquire the 130-year-old travel company, according to a report by Ruchika Chitravanshi in Business Standard.
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