Northstar will
maintain its current operations and services offerings, continuing to serve its
audiences and customers with the same travel events, media, and
information services.
RUTHERFORD, New Jersey – Northstar Travel Group, a B2B travel
industry events, media and information services company, as well as parent
company to The Burba Hotel Network has announced the successful completion of
its acquisition by JTB Corp., one of Japan’s travel solutions providers, from investment
funds managed by EagleTree Capital and its co-investors.
Northstar will operate as a wholly-owned, independent
subsidiary of JTB and will continue to be led by its existing management team,
including Chief Executive Officer Jason Young.
“We are excited to officially become part of the JTB family
and begin this new chapter together,” Young said. “Partnering with JTB opens up
new opportunities for collaboration and growth, particularly as we expand our
reach in the Asia Pacific region. With our shared values and vision, we look
forward to working closely with JTB to deliver even greater value to our customers
around the world.”
BrightTower served as financial advisor and Jones Day served
as legal counsel to Northstar. SMBC Nikko served as financial advisor and
Venable LLP and Mori Hamada & Matsumoto served as legal counsel to JTB.