Apollo Global Management acquires The Travel Corporation

On July 16, 2024, Apollo Global Management Inc. (Apollo) announced its acquisition of The Travel Corporation (TTC).The transaction is comprised of 18 leading brands under TTC, including Trafalgar, a leading escorted tour operator; Uniworld Boutique River Cruises, a luxury all-inclusive river cruise line; Contiki, youth travel specialist tour company; premium guided vacation company, Insight Vacations; as well as other global travel brands and supporting business entities. The transaction closed on October 31, 2024.

Apollo, based in New York City, New York, is a global asset management firm with approximately US$671 billion of assets under management.

McCarthy Tétrault acted as Canadian counsel to Apollo with a team led by Matthew Cumming, that included Haiya Peng and Britney Schyf (M&A and Corporate), Martha Harrison, Oksana Migitko (Trade/Regulatory), Sarit Pandya and Zainab Fayyaz (Real Property), Ian Mak, Zach Kroll (Financial Services), Patrick Pengelly, Andrew Weizman (Employment), Kelleher Lynch, Julia Miller (Pensions), Debbie Salzberger, Kate McNeece (Competition), Vincent Yip (IP), Patrick McKay, Caine Chapman (Tax), Spencer Baron and Meg Heesaker (Articling Students).