CarTrawler, the leading B2B provider of car rental and mobility solutions to the global travel industry, has announced a controlling equity investment in excess of €100m from TowerBrook Capital Partners L.P. (“TowerBrook”). This investment will help drive CarTrawler’s next stage of growth, as the Company strengthens its balance sheet during this period of unprecedented disruption to the global travel market and prepares to benefit from the easing of travel restrictions.
CarTrawler is the leading B2B provider of car rental and mobility solutions to the global travel industry with an established market position, international footprint and sophisticated data capabilities. It’s end-to-end technology platform expands it’s airline and travel partners’ offering to their customers, creating substantial ancillary revenue opportunities. CarTrawler provide unrivalled breadth and depth of content worldwide, including car rental, private airport transfer and ride-hailing services.
CarTrawler creates innovative, data-led solutions for some of the largest travel brands in the world, including American Express, Alaska Airlines, easyJet, Hotels.com, KLM, TravelStart and Emirates. CarTrawler was established in 2004 with headquarters in Dublin, Ireland, and offices in New York and Melbourne.
Liberty Corporate Finance advised the management team of CarTrawler, led by Cormac Barry (CEO), on all aspects of their investments and equity incentives in the new structure.