Apollo Funds to acquire the Travel Corporation

Global alternative asset manager Apollo Funds will acquire the Travel Corporation (TTC). Terms of the deal have not been made public.

“TTC has a leading collection of brands that we believe we can take to the next level as an Apollo Funds portfolio company, leveraging our extensive experience in the travel, tech and hospitality sectors,” said Michele Raba, private equity partner of Apollo.

The sale comes after TTC, which is made up of 18 brands including Contiki, Uniworld Boutique River Cruises, Insight Vacations and Trafalgar, spent more than a century as an entity privately owned and…