Tag Archives: TUI

Alors! Il est arrivé un courriel de M Thibault

Assuming that Messrs Google Translate know what they’re at, that means that an email has arrived from Monsieur Thibault.

I commented here, a little over four years ago, on what seemed to be the gradual disappearance of the Emerald Star brand within the Le Boat section of the TUI Travel empire. However, an emeraldstarian noticed my piece recently and sent a friendly email to say that the brand is still going and that the emeraldstar.ie address was reactivated in 2015. Derek Dann would be pleased, I’m sure, especially as (I have heard) more boats have been made available for hire in Ireland.

I had a look at the emeraldstar.ie site, where I learned that

Emerald Star (for holidays in Ireland) is a trading name of Emerald Star Limited, a member Travelopia. Emerald Star Limited Registered in Ireland No 29035. Registered office: One Spencer Dock, North Wall Quay, Dublin 1.

Le Boat (for holidays outside of Ireland) is a trading name of Crown Travel Limited, a member of Travelopia Group. Crown Travel Limited Registered in England No: 02095375. Registered office: Origin One, 108 High Street, Crawley, West Sussex, RH10 1BD.

So what’s this Travelopia, then? What has happened to the cuddly TUI Travel empire?

You can read lots of marketing bollocks here, but the important bit is this:

The brands in our portfolio specialise in a certain type of travel or tap into particular passions. Each one started life as a small, independent business, before forming Specialist Group, part of TUI Group, the world’s largest leisure travel company.

In May 2016, TUI Group announced the rebranding of Specialist Group to Travelopia and it’s [sic] intention to sell the businesses.

In February 2017, KKR, a leading global investment firm purchased Travelopia Holdings Limited and in June 2017 the sale of Travelopia was finalised.

This, of course, was excellent news for everyone, it says here, as KKR are just wonderful:

KKR & Co. L.P. (formerly known as Kohlberg Kravis Roberts & Co.) is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The firm is a recognized leader in the private equity industry, having completed more than 280 private equity investments in portfolio companies with approximately $545 billion of total enterprise value as of June 30, 2017. As of September 30, 2017, Assets Under Management (“AUM”) and Fee Paying Assets Under Management (“FPAUM”) were $153 billion and $114 billion, respectively.

Some other aspects of KKR’s activities are mentioned here.