7 Amex GBT Takeaways Revealed in Its $5.3 Billion SPAC Deal
Skift Take
Ahead of going public, Amex GBT has provided a compelling argument for growth in its 53-page document, with a string of acquisitions and partnerships already under its belt. But does its enormous size now line it up for success, or weigh it down?
This isn’t American Express Global Business Travel’s first rodeo. The world’s biggest corporate travel agency has been busy dealmaking and snapping up rivals since it bought HRG back in 2018 (price tag: $543 million).
For its next ride, Amex GBT is merging with a blank-check company, or so-called SPAC, backed by asset manager Apollo to become a publicly traded company.
It will list on the New York Stock Exchange in the first half of next year under a new name, Global Business Travel Group (GBTG), but gets to continue doing business under its current brand due to an 11-year trademark agreement which takes effect upon the deal's closure.
Here's a rundown of some of the highlights from the agency’s 53-page investor prospectus, which was filed with the U.S. Securities and Exchange Commission last week, including screenshots of portions of the document.
Amex GBT significantly grew in size during the pandemic. It bought
