American Express’ £400 Million Takeover by Amex GBT of Hogg Robinson
February 19, 2018
Cleary Gottlieb is representing American Express, as one of the major shareholders of Amex Global Business Travel, in its joint venture with a Certares-backed financial sponsor consortium, in its £400 million takeover of Hogg Robinson plc.
The transaction was announced on February 9, 2018 alongside a simultaneous “Class 1” disposal by Hogg Robinson of its Fraedom business to Visa. Cleary also acted on the creation of the Amex GBT joint venture in 2014.