TBO Tek Limited (NSEI:TBOTEK) entered into a securities purchase agreement to acquire Classic Vacations, LLC from Najafi Companies for $125 million on September 2, 2025. The consideration of up to $125 million subject to closing adjustments and such other terms and conditions as set out in the agreement.
For the period ending December 31, 2024, Classic Vacations, LLC reported total revenue of $111.042 million and EBITDA of $11.2 million.
The transaction is expected to be completed on the first week of October 2025, subject to the completion of conditions precedents as per the agreement.
Moelis & Company LLC acted as financial advisor for Classic Vacations, LLC. Ballard Spahr LLP acted as legal advisor for Classic Vacations, LLC. The team of Cooley LLP led by Rishab Kumar and John Clark acted as legal advisor for TBO Tek Limited. PricewaterhouseCoopers LLP acted as accountant for TBO Tek Limited.
TBO Tek Limited (NSEI:TBOTEK) completed the acquisition of Classic Vacations, LLC from Najafi Companies on October 2, 2025
TBO Tek Limited operates a travel distribution platform in the global travel and tourism industry. The Company’s segments include air ticketing and hotel and packages. The Company provides a range of offerings operating in over 100 countries by providing buyers with a travel inventory according to the needs of their customers and supporting a range of currencies along with forex assistances. Its platform has two portals: TBO Holidays and Travel Boutique Online. TBO Holidays is a global travel distribution platform. Travel Boutique Online is a travel distribution platform for travel buyers based in India. It simplifies the business of travel for suppliers, such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (Suppliers), and retail buyers, such as travel agencies and independent travel advisors (Retail Buyers); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (Buyers).
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