M&A Deal Summary

Travel Leaders Group Acquires Tzell Travel Group

On August 27, 2008, Travel Leaders Group acquired business services company Tzell Travel Group from Praesidian Capital

Acquisition Highlights
  • This is Travel Leaders Group’s 1st transaction in the Business Services sector.
  • This is Travel Leaders Group’s 1st transaction in the United States.
  • This is Travel Leaders Group’s 1st transaction in New York.

M&A Deal Summary
Date 2008-08-27
Target Tzell Travel Group
Sector Business Services
Buyer(s) Travel Leaders Group
Sellers(s) Praesidian Capital
Deal Type Add-on Acquisition

Target

Tzell Travel Group

New York City, New York, United States
Tzell Travel Group, LLC, a travel management company, provides corporate and leisure travel management programs worldwide.

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Buyer(S) 1

Buyer

Travel Leaders Group

Plymouth, Minnesota, United States
Category Company
Sector Consumer Services
DESCRIPTION

Travel Leaders Group offers its vacation and business travel clients a progressive approach to each unique travel experience. The company manages leisure, business and franchise travel operations under several different brands. Travel Leaders Group is based in Plymouth, Minnesota.

DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Andrew Harper Travel

Westmont, Illinois, United States

Andrew Harper Travel is a full-service luxury travel agency that specializes in bespoke travel experiences offering everything from commercial air and private jets to custom tours, villas, spas, and cruises. Andrew Harper Travel was founded in 1979 and is based in Westmont, Illinois.

Buy -

Seller(S) 1

SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 2 of 29
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 10
State (New York) 1 of 5
Country (United States) 2 of 27
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 BenefitPort Southwest

Fort Worth, Texas, United States

BenefitPort is a general insurance agency specializing in health care benefits for small and medium-sized companies in the New York, New Jersey, and Pennsylvania markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Epic Production Technologies

Los Angeles, California, United States

Epic Production Technologies, based in Winnipeg, Canada, provides lighting and rigging solutions for rentals and production, as well as a wide selection of lighting, rigging, audio, staging and soft goods for sales and integration.

Buy -
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