Etraveli Group Completes Previously Announced KKR Investment

Stockholm, Sweden, 18 December, 2025 – Etraveli Group, a leading global flight technology platform, today announces the completion of the transaction through which KKR has acquired a significant minority stake in the company alongside CVC Capital Partners, who originally acquired Etraveli Group in 2017. With the deal now closed, KKR officially joins CVC as a shareholder, marking an important milestone and the start of a new chapter for Etraveli Group. The partnership further reinforces Etraveli Group’s position as the world’s largest flight intermediary and fulfillment company outside of China.

Etraveli Group operates a globally leading tech platform for selling flights, connecting millions of flights and travelers across the globe. Throughout the last decade Etraveli Group has grown with >20% CAGR and with partners like Booking.com and the pivot to offering a comprehensive, competitive and easily accessible B2B tech platform, the company has the ambition to significantly outperform the market growth going forward. Under Etraveli Group’s B2B umbrella sits Tripstack, a B2B Flights-as-a-Service provider and world leader in virtual interlining. Tripstack serves as the gateway to the Group’s flight platform, giving partners access to global flight content, virtual interlining, and a full suite of services including payments, pricing, and customer support along with the group’s separate fintech entity with its flagship product, PRECISION – a risk management solution tailored for travel sellers and airlines.

With the transaction completed, KKR, a leading global investment firm with deep expertise across the global travel and technology sectors, will work alongside CVC as an active owner to support Etraveli Group in its continued global expansion.

About Etraveli Group:
Etraveli Group is a leading global flight technology provider, specializing in flight sales, fulfillment services, and fintech products for the flight industry. The company partners with major global platforms such as Booking.com, Google Flights, Skyscanner, and Kayak, providing seamless flight booking and related services. Its B2B portfolio includes a separate fintech entity with its flagship product, PRECISION, a risk management solution, Sweden’s leading flight comparison site Flygresor.se, and Tripstack, a B2B Flights-as-a-Service Provider and leader in virtual interlining, serving as the gateway to Etraveli Group’s flight content and fulfillment services. Etraveli Group also operates its own online travel agency brands, including Gotogate, Mytrip, and Flightnetwork. Headquartered in Stockholm, Sweden, the company employs over 3,000 people across 10 offices worldwide and serves more than 48 million travellers annually at a Total Transaction Value of €16bn in over 75 markets. It is owned by the private equity firms CVC Capital Partners and KKR.

About CVC:
CVC is a leading global private markets manager with a network of 30 office locations throughout EMEA, the Americas, and Asia, with approximately €202 billion of assets under management. CVC has seven complementary strategies across private equity, secondaries, credit and infrastructure, for which CVC funds have secured commitments of over €260 billion from some of the world's leading pension funds and other institutional investors. Funds managed or advised by CVC’s private equity strategy are invested in approximately 140 companies worldwide, which have combined annual sales of over €168 billion and employ over 600,000 people. For further information about CVC please visit: https://www.cvc.com/

About KKR:
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.