Rothschild & Co acted as exclusive financial adviser to the Special Committee of Amex GBT on its ~$6.3bn all cash acquisition by Long Lake
Rothschild & Co is acting as exclusive financial adviser to the Special Committee of the Board of Directors of American Express Global Business Travel Group, Inc. (“Amex GBT”), the world’s largest business travel management company, on its agreed all cash acquisition by Long Lake Management – a significant public to private transaction valuing Amex GBT at approximately $6.3 billion.
Under the terms of the transaction, Amex GBT shareholders will receive $9.50 per share in cash, representing a premium of approximately 65% to the Company’s 30 day volume weighted average share price. The transaction has received unanimous approval from the Amex GBT Board following the recommendation of a Special Committee comprised entirely of independent and disinterested directors. Major shareholders representing approximately 69% of Amex GBT’s shares have entered into voting agreements in support of the transaction.
Rothschild & Co is advising the Special Committee on all aspects of the transaction, including strategic review and alternatives, valuation, transaction structuring and execution, governance considerations, and engagement with key stakeholders. The transaction is expected to complete in the second half of 2026, subject to customary closing conditions, including shareholder approval and regulatory clearances. Once completed, Amex GBT’s common stock will no longer be publicly listed, and Amex GBT will be become a privately held company.
This mandate underscores Rothschild & Co’s long standing expertise in advising boards and independent committees on complex, high profile public company transactions, including public to private acquisitions, as well as its deep experience across the global technology, travel and services sectors.
The transaction brings together Long Lake’s applied AI capabilities with Amex GBT’s global scale, technology platform and trusted customer and supplier relationships, positioning the business to accelerate innovation in business travel as a privately held company.
David Baron, Global Head of Technology, Rothschild & Co, said: “This landmark public to private transaction represents a significant milestone in the evolution of American Express Global Business Travel and a compelling endorsement of the strength of its platform, strategy and leadership. Our role was to support the Special Committee through a rigorous and independent process, delivering a compelling and certain outcome for shareholders while positioning the business for its next phase of growth. The transaction brings together Amex GBT’s global scale and trusted relationships with Long Lake’s applied AI capabilities, and we believe it positions the Company to continue to set the standard as the industry transitions towards an AI-enabled future.”
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For further information:
Global Advisory, Rothschild & Co
Claire Gorman
Tel: +44 20 7280 1578
claire.gorman@rothschildandco.com
Prosek
Justin Perras
Tel: +1 917 627 4510
jperras@prosek.com
About Rothschild & Co, Global Advisory
Rothschild & Co is a family-controlled and independent group and has been at the centre of the world's financial markets for over 200 years. With a team of c.4,600 talented financial services specialists on the ground in over 40 countries, Rothschild & Co's integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth & Asset Management, and Five Arrows, its alternative assets arm.
Global Advisory, a division of the Rothschild & Co group, designs and executes strategic M&A and financing solutions, providing impartial, expert advice to large and mid-sized corporations, private equity, families and entrepreneurs, and governments.
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