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Nuevo Mundo Travel Agency Inc. 2010-7-17
This consent order concerns newspaper advertisements by Nuevo Mundo Travel Agency, Inc., (Nuevo Mundo) that violated 49 U.S.C. § 41712 and 14 CFR Part 399. It directs Nuevo Mundo to cease and desist from such future violations and assesses the company a compromise civil penalty of $30,000.
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The carlyle group to acquire and merge nuevo mundo viajes and condor travel.
Will Create Regional Tourism Platform
Lima, Peru – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has agreed to acquire two established Peruvian tourism companies, Nuevo Mundo Viajes and Condor Travel, and merge them to create a regional tourism platform. Nuevo Mundo is the chief outbound tour operator in Peru and Condor Travel is a prominent inbound tour operator in Peru. Equity for the transaction will come from the Carlyle Peru Fund. Financial terms of the transaction, which is expected to close in September, were not disclosed.
By acquiring 80 percent of each of the Peruvian entities, Carlyle will become the controlling shareholders of the newly-created holding company. The current CEOs and management teams for Nuevo Mundo Viajes and Condor Travel will stay on as strategic partners. Carlyle has previously invested in the tourism sector through its portfolio company, CVC Brazil Operadora y Agencia de Viajes, which has more than 2.5 million clients.
Marco Peschiera, Managing Director and Head of the Carlyle Peru Fund, said, “Carlyle is committed to Peru’s long term progress and development, and through this investment we are contributing to the countries’ service sector growth. The synergies between the two companies marks a milestone in national and regional tourism.”
Eduardo Ramos, Director of Carlyle Peru Fund, added, “We are excited to invest in Nuevo Mundo Viajes and Condor Travel because of their growth potential and the opportunity to partner with the best management in the region. With the help of company leaders Juan Portugal and Sammy Niego we are well positioned to achieve our goals.”
Juan Portugal, General Manager of Nuevo Mundo Viajes and future Chairman of the Board of the new holding company, said, “The tourism sector continues to grow in the region and it’s necessary to have partners like Carlyle with the vision of combining two complementary businesses to further strengthen the sector. This new platform will help us achieve our objectives by strengthening our relationships with suppliers and customers.”
Sammy Niego, CEO of Condor Travel and future CEO of the new holding company, said, "We have been promoting our high quality products and services successfully on five continents for decades. And now, together with Nuevo Mundo and Carlyle’s expertise and global reach, we are well positioned to grow locally and internationally. We are excited about this new stage.”
About Nuevo Mundo Viajes Nuevo Mundo is the largest outbound travel agency and airline ticket consolidator in the country with a network of more than 1,000 agencies and the second largest online platform. It provides travel agency services for leisure and corporate clients directly through its own network and is the largest wholesaler of packaged vacations through affiliated agencies.
About Condor Travel Condor Travel is the largest inbound tour operator in the country with 5 percent of the total global visits to Macchu Picchu. It also covers Ecuador and Chile through its local offices in those countries. Condor Travel has a global network of more than 2,000 institutional clients in the five continents and an online platform to reach directly to consumers.
About The Carlyle Group The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents.
Web: www.carlyle.com Videos: http://www.carlyle.com/news-room/corporate-videos_new Tweets: www.twitter.com/onecarlyle Podcasts: www.carlyle.com/about-carlyle/market-commentary
Contact Eduardo Ramos + 511 206-6832 [email protected]
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With all the continuous changes imposed upon travellers regarding all travel requirements, we always have the latest information to keep our clients informed. ... Good day welcome to XL Novo Mundo Travel. Contact. 1st Florr, 15 Ernest Oppenheimer Ave, Bruma, Johannesburg. 2198.
Política de Protección y Tratamiento de Datos Personales. En cumplimiento de la Ley N° 29733 -Ley de Protección de Datos Personales, su Reglamento y modificatorias, he sido previamente informado por lo que autorizo y otorgo mi consentimiento a PROMOTORA DE TURISMO NUEVO MUNDO S.A.C. (en adelante NUEVO MUNDO), de manera indefinida, libre, expresa, e inequívoca para que (por sí mismo o a ...
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Nuevo Mundo Travel Agency Inc. 2010-7-17. This consent order concerns newspaper advertisements by Nuevo Mundo Travel Agency, Inc., (Nuevo Mundo) that violated 49 U.S.C. § 41712 and 14 CFR Part 399. It directs Nuevo Mundo to cease and desist from such future violations and assesses the company a compromise civil penalty of $30,000.
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The Carlyle Group has announced that it agreed to acquire 80% stakes in Peruvian tourism companies Nuevo Mundo Viajes and Condor Travel. The PE firm, which will back the companies via its $324 million Peru Fund, will subsequently combine the two entities to create a regional tourism platform. Condor has been backed by The Abraaj Group since ...
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Nuevo Mundo is the largest outbound travel agency and airline ticket consolidator in the country with a network of more than 1,000 agencies and the second largest online platform. It provides travel agency services for leisure and corporate clients directly through its own network and is the largest wholesaler of packaged vacations through ...
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The Travelsmiths is a full service retail Travel Agency in Cupertino, CA, started in 1975 and under the same ownership since 1988. Between them, the team of 20 experienced in-house and independent agents have covered all continents.
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San Jose Travel. San Jose is the gateway to Northern California! It's a clean, safe, family-friendly city with world-class amenities. It has great golf courses, one-of-a-kind museums and is a short drive to wineries, the beaches of Santa Cruz, the Monterey Peninsula, Napa Valley and San Francisco.
The Travelsmiths, Cupertino, California. 114 likes · 3 were here. The Travelsmiths is a full service retail Travel Agency in Cupertino, CA, started in 1975 and under the same ownership since 1988....