Private Equity Rips Apart Kuoni as Thomas Cook India Gets More Global
Photo Credit: Asian Trails is one of the destination management companies that Kuoni sold to Thomas Cook India, Pictured, Asian Trails' Phuong Lan relaxes as a wellness resort in Southeast Asia. Asian Trails
Skift Take
Thomas Cook India’s acquisition of Kuoni’s network of destination management companies is a story of how an Indian company becomes a global player overnight. There are also deep wounds about how a global company like Kuoni could end up being broken, literally, to pieces.
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Overnight, in one fell swoop, Thomas Cook India has become a multinational player with a global network of destination management companies, including Allied TPro U.S., Asian Trails, Australian Tours Management, Desert Adventures/Gulf Dunes Middle East and Private Safaris Africa.
Swedish private equity group EQT which now owns Kuoni, is handing this platter to Thomas Cook India Group, completing the
