Private Equity firm SSG Capital Management through its investee company acquired 34.42% stake in Cox & Kings’ subsidiary, Prometheon Holdings (UK) which is the Holding Company of Holidaybreak.
The Rohatyn Group has now made a complete exit from Prometheon Holdings (UK), while Cox & Kings continues to own 65.6% of Holidaybreak. SSG Capital Group also owns 2.72% stake in Cox & Kings. Deloitte LLP did the financial and tax due diligence and Eversheds Sutherland the legal due diligence of the businesses of Holidaybreak.
Cox and Kings is engaged in providing travel management solutions. Its services include destination management, outbound tourism, business travel, insurance and conference solutions. The firm also offers domestic holidays, trade fairs, foreign exchange and insurance.
