(Photo Credit: JTB Corp.)
Northstar Travel Group (“Northstar”), a leading B2B travel industry events, media and information services company, today announced the successful completion of its acquisition by JTB Corp. (“JTB”), one of Japan’s leading travel solutions providers, from investment funds managed by EagleTree Capital and its co-investors.
Northstar will operate as a wholly-owned, independent subsidiary of JTB and will continue to be led by its existing management team, including Chief Executive Officer Jason Young.
“We are excited to officially become part of the JTB family and begin this new chapter together,” said Jason Young, CEO of Northstar Travel Group. “Partnering with JTB opens up new opportunities for collaboration and growth, particularly as we expand our reach in the Asia Pacific region. With our shared values and vision, we look forward to working closely with JTB to deliver even greater value to our customers around the world.”
As part of the transaction, Northstar will maintain its current operations and services offerings, continuing to serve its audiences and customers with the same dedication and expertise they expect. The company will continue to deliver the same trusted travel events, media, and information services that have long defined its reputation, now with the added support and resources of JTB.
BrightTower served as financial advisor and Jones Day served as legal counsel to Northstar. SMBC Nikko served as financial advisor and Venable LLP and Mori Hamada & Matsumoto served as legal counsel to JTB.
SOURCE: Northstar Travel Group press release.
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