Carlyle to Acquire Nuevo Mundo Viajes and Condor Travel
August 26, 2015
The Carlyle Group has announced that it agreed to acquire 80% stakes in Peruvian tourism companies Nuevo Mundo Viajes and Condor Travel. The PE firm, which will back the companies via its $324 million Peru Fund, will subsequently combine the two entities to create a regional tourism platform. Condor has been backed by The Abraaj Group since 2010. The transaction is expected to close in September.