Apple Leisure Group today announced that KKR and an affiliate of KSL Capital Partners (KSL) have entered into a definitive agreement to acquire the company from Bain Capital Private Equity. Financial terms of the transaction were not disclosed.
The acquisition of KDS is part of a broader investment strategy by GBT to develop an industry-leading suite of traveler-centric online and digital services, sitting on top of the companys core technology platform for business travelers.
The site features franchisee interviews, as well as information about Gigi's training and franchise support, signature customer service (and signature icing swirl), startup costs and details about what makes Gigi's a brand that has experienced double-digit sales growth.
Included in this merger is the award winning organization of Food & Wine Trails, a provider of upscale culinary and wine-focused travel.