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Thomas Cook taps luxury market.(MOVING IN THE MID-MARKETS)

Publication: Acquisitions Monthly
Publication Date: 01-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Europe's second largest tour operator Thomas Cook has acquired Elegant Resorts, a luxury travel company. The specialist operator was sold for an estimated US$49.8m (25m [pounds sterling]) in early April by its founding shareholders who avoided the higher capital gains tax rate brought in on...

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...April 5. According to reports, Thomas Cook outbid rival travel firm Kuoni and an unnamed private equity firm to win the deal.

The...

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