Business
Tripadeal sells majority stake to Ben Gray’s BGH – The Australian Financial Review
Tripadeal has sold a 55 per cent stake to Ben Gray’s BGH Capital in what it is calling an aggressive move to make acquisitions in the distressed travel sector.
“We’re a lean online player, we’re not carrying the drag of shops and leases, so we see partnering with BGH as tooling up for the opportunity to come.”
The price paid by BGH was not disclosed. But Mr Black claimed Mr Gray best known for his stint at private equity giant TPG, where he floated the Myer department store business had “not tried to chip us” on negotiations that began well before the pandemic, over dinner in Byron Bay last August.
Ben Gray says Tripadeal has built an excellent brand…
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