Appleby acts for CarTrawler on its sale to Towerbrook and EUR100 million investment
Appleby acted as Isle of Man counsel to CarTrawler, a leading B2B provider of car rental and mobility solutions to the global travel industry, in relation to a EUR100 million investment from TowerBrook Capital Partners L.P. (TowerBrook).
The CarTrawler Group provides services for a quarter of the top 100 airlines globally, with clients including Alaska Airlines, Jetstar, Swiss, KLM and Emirates.
The deal sees TowerBrook take a controlling equity investment in the Group.
The Appleby team was led by Corporate Partner Kyle Sutherland, Senior Associate Katherine Garrood and Paralegal Louise Dougherty.
With highly regarded practices in both private equity funds and private equity transactions, Appleby provide clients with an integrated service in all aspects of the private equity market. The firm provides advice across the entire life cycle of every fund and every investment, from fund formation and capitalisation of investment vehicles, through to public and private mergers and acquisitions, leveraged buyouts, group restructurings, re-financings, secured lending and transactional due diligence.
