Baar-Zug, 24 May 2012
Partners Group and Silver Lake acted as joint-lead investors in the 100% acquisition of Global Blue on behalf of their clients. The completion of the acquisition is subject to approval from the relevant regulatory authorities. Global Blue, headquartered in Switzerland, is a leading global provider of travel-related financial services.
Global Blue's tax-free shopping business offers refund services through a partnership network of more than 270'000 retail merchants worldwide and refund counters at major airports. The firm has experienced strong growth in the last years particularly from the growing middle class consumer group in emerging markets.
Marcel Erni, co-founder and Chief Investment Officer of Partners Group, comments "We are excited by the growth potential this investment opportunity offers to our clients. We will leverage our global industry network to support Global Blue to further benefit from the fast growing travel activity and demand for luxury goods from emerging markets." Dr. Jürgen Diegruber, Partner in the private equity directs team, adds "We look forward to supporting this outstanding management team to drive the ongoing internationalization of the business."