Debevoise Advises The Carlyle Group in Its Investment in American Express Global Business Travel

18 December 2019

Debevoise & Plimpton LLP is advising The Carlyle Group’s long-duration private equity platform, Carlyle Global Partners, in its investment in American Express Global Business Travel (GBT). American Express (NYSE: AXP) will retain its 50% ownership stake in GBT, while the investor group holding the other 50%, which includes the Qatar Investment Authority, certain funds managed by BlackRock, and the Teacher Retirement System of Texas, will now include Carlyle Global Partners and other investors. For more information, see GBT’s press release.

The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of September 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which it invests. GBT is the world’s leading business partner for managed travel, providing travel management services, meeting services and business travel consulting.

The Debevoise team is led by M&A partners Jonathan Levitsky and Jennifer Chu and includes associates Andrew JamiesonRafael ThorIsabel Espinosa de los Reyes and Jennifer Barrows, finance partner Jeffrey Ross and associate Brett Novick, tax partner Peter Schuur and associate T. Tina Xu, benefits partner Jonathan Lewis and associate David Deutsch, and intellectual property partner Jeffrey Cunard and associate Benjamin Sundholm.