Wasserstein Partners, a private equity firm that focuses on media and communications investments, has acquired Northstar Travel Group, a provider of an estimated 50 events in 13 countries for the meetings, exhibition, and travel industries. Aside from the face-to-face events it produces, Northstar also owns a number of industry publications including successful Meetings, Meetings & Conventions, M&C China, Business Travel News, and Incentive.
The company had also grown significantly into the data and software solutions realm of the travel, meetings, and events industry in recent years, a transformation that Wasserstein co-managing partner Anup Bagaria called “impressive.”
Thomas Kemp, chairman & CEO of Northstar Travel Group, indicated that the partnership would be one that would help the company continue on that growth trajectory. “We are excited to welcome Wasserstein as our new partner to provide the capital and investment experience to help Northstar achieve our next phase of growth serving one of the largest and most dynamic industries in the world: global travel and tourism,” he said.