KKR Becomes ‘Significant Minority Investor' in Booking.com Partner eTraveli Group
If Booking Holdings gets the chance to again try and acquire its flight-services partner eTraveli Group, it likely would have to pay nearly double the $1.8 billion the two parties agreed to in 2021.
eTraveli Group announced this week that private equity firm KKR became "a significant minority investor," and Bloomberg quoted sources as saying that the valuation was $3.1 billion. Fellow private equity company CVC Capital Partners is the majority investor.
Amsterdam-based Booking and Stockholm-headquartered eTraveli Group, which powers Booking.com's growing flights business, agreed to the $1.8 billion deal in 2021, but the European C
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