Global Blue Group Holding has completed an investment agreement with CK Opportunities Wolverine (CK Opportunities), an investment fund co-managed by Certares Opportunities LLC (Certares), a global travel, tourism and hospitality investment firm, and Knighthead Opportunities Capital Management (Knighthead), a credit investment management firm.
Under the terms of the agreement, CK Opportunities has agreed to invest $225 million, of which $180 million is for Series B preferred shares and $45 million is for common shares.
Global Blue intends to use the funds to continue pursuing strategic add-on acquisitions.
