JTB Corp. to Purchase Northstar Journey Group from EagleTree Capital
JTB Corp. has entered right into a definitive settlement to accumulate Northstar Journey Group from EagleTree Capital, with Northstar persevering with as an impartial subsidiary.
JTB Corp. has signed an settlement to accumulate Northstar Journey Group from EagleTree Capital and its co-investors. Northstar will proceed its operations as a completely owned, impartial subsidiary of JTB. The monetary phrases of the transaction haven’t been disclosed.
Northstar Journey Group is thought for its B2B journey trade occasions, media, and data providers. It operates manufacturers corresponding to Journey Weekly, Enterprise Journey Information, ALIS, The Conferences Present, and Phocuswright. These platforms join over a million skilled journey consumers with greater than 1,500 provider prospects globally.
The acquisition aligns with JTB’s progress technique, which focuses on geographic growth and focused investments in occasions, data providers, and market intelligence associated to the journey trade. The transaction is anticipated to reinforce Northstar’s geographic growth, significantly within the Asia Pacific area.
The prevailing administration workforce at Northstar, led by CEO Jason Younger, will proceed to supervise the corporate. The transaction is anticipated to shut by September 2025, pending customary closing circumstances and receipt of all obligatory regulatory approvals.
Monetary advisory providers for Northstar had been supplied by BrightTower, with authorized counsel from Jones Day. For JTB, SMBC Nikko acted because the monetary advisor, whereas Venable LLP and Mori Hamada & Matsumoto supplied authorized counsel.
