–       The agreement includes Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth and related platforms 
–       Transaction reinforces Aon’s focus on core Risk Capital and Human Capital capabilities and presence in the middle market
–       Madison Dearborn Partners to support further growth of businesses to meet evolving client needs
–       Purchase price estimated to be $2.7 billion at time of close, which is expected in Q4 2025

DUBLIN and CHICAGO, Sept. 3, 2025 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, today announced that it has signed a definitive agreement to sell a significant majority of NFP’s wealth business – Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth and related platforms – to Madison Dearborn Partners, LLC (“MDP”), a leading private equity investment firm based in Chicago.

“With our 3×3 Plan to accelerate our Aon United strategy, we are more focused than ever on serving our clients’ risk and people needs with distinction,” said Greg Case, CEO of Aon. “This transaction reinforces our ongoing commitment to investing in and growing our core Risk Capital and Human Capital capabilities. Through disciplined portfolio management, we are further strengthening our capital position while enabling greater flexibility for high-return growth investments that drive sustained value creation and shareholder returns.”

Case added: “We remain highly committed to our core wealth and retirement business helping employers, fiduciaries and investment officers through our leading institutional retirement, investment consulting and delegated management capabilities and expertise.”

“For more than twenty years, we have successfully generated value for our portfolio companies in the financial services sector and are tremendously excited to welcome these outstanding businesses back to MDP,” said Vahe Dombalagian, Managing Partner and Co-Head of Financial Services at MDP, who led the transaction alongside Matt Raino, Partner and Co-Head of Financial Services at MDP. “Aon and NFP have been great partners and we’re pleased to deepen our relationship through this transaction.”

Following the close of the transaction, the MDP-acquired businesses will be consolidated and operate under a unified brand name. The company will be led by Michael LaMena (currently CEO of Wealthspire Advisors) as CEO and Carl Nelson (currently Head of M&A for NFP) as President.

“With MDP’s support, these companies will continue to thrive, working together to grow organically and through acquisitions, enhance the value they deliver to clients and create new opportunities for employee development,” said Doug Hammond, CEO of NFP. “We look forward to continuing to accelerate growth in our middle market-focused businesses by helping clients overcome challenges and meet their goals.”

Under the terms of the transaction, MDP will acquire the businesses for a total consideration estimated to be $2.7 billion at the time of close, resulting in total after-tax cash proceeds of approximately $2.2 billion. The businesses represent approximately $127 million in EBITDA for the trailing twelve-month period ending June 30, 2025. The transaction is expected to close in late Q4 2025, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals. Given the expected timing of the close, the financial impact to Aon’s full-year 2025 results is not expected to be material.

Advisors
UBS Investment Bank served as lead financial advisor and Moelis & Company LLC served as financial advisor to Aon on the transaction. Skadden, Arps, Slate, Meagher & Flom LLP and Dentons acted as external legal counsel to Aon. Goldman Sachs & Co LLC acted as the financial advisor to MDP on the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Kirkland & Ellis, LLP provided legal counsel to MDP.

About Aon 
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

About NFP
NFP, an Aon company, is an organization of consultative advisors and problem solvers helping companies and individuals address their most significant risk, workforce, wealth management and retirement challenges. With colleagues across the U.S., Puerto Rico, Canada, UK and Ireland, we serve a diversity of clients, industries and communities. Our global capabilities, specialized expertise and customized solutions span property and casualty insurance, benefits, wealth management and retirement plan advisory. Together, we put people first, prioritize partnerships and continuously advance a culture we’re proud of.

About Madison Dearborn Partners
Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of more than $31 billion and has completed over 160 platform investments. MDP invests across four dedicated industry verticals, including financial services, healthcare, basic industries, and technology & government. Drawing on deep industry and operational expertise, MDP works closely with management teams to drive value creation and operational improvement across its portfolio. For more information, please visit www.mdcp.com

Media Contacts 

Aon
mediainquiries@aon.com
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114
International: +1 312 381 3024

Madison Dearborn Partners
Deven Anand
H/Advisors Abernathy
abmacmdcp@h-advisors.global
212.371.5999

Safe Harbor Statement 

This communication contains certain statements related to future results, or states Aon’s intentions, beliefs and expectations or predictions for the future, all of which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. These forward-looking statements include information about possible or assumed future results of Aon’s operations. All statements, other than statements of historical facts, that address activities, events or developments that Aon expects or anticipates may occur in the future, including, without limitation, statements about the anticipated benefits of the transaction, estimated purchase price, financial impact to Aon and Aon’s 2025 financial results, Aon’s capital position, and expected closing date are forward-looking statements. Also, when Aon uses words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “looking forward”, “may”, “might”, “plan”, “potential”, “opportunity”, “commit”, “probably”, “project”, “positioned”, “should”, “will”, “would” or similar expressions, it is making forward-looking statements. 

The following factors, among others, could cause actual results to differ materially from those set forth in or anticipated by the forward looking statements: adverse effects on the market price of Aon’s securities and on Aon’s operating results for any reason, the failure to realize the expected benefits of the transaction, the failure to close the transaction, changes in global, political, economic, business, competitive and market forces, regulatory action, future exchange and interest rates, changes in tax laws, regulations, rates and policies, future business acquisitions or disposals, significant transaction costs or difficulties in connection with the transaction and/or unknown or inestimable liabilities, potential litigation associated with the transaction, the potential impact of the consummation of the transaction on relationships, including with suppliers, customers, employees and regulators, and general economic, business and political conditions (including any epidemic, pandemic or disease outbreak) that affect Aon. 

Any or all of Aon’s forward-looking statements may turn out to be inaccurate, and there are no guarantees about Aon’s performance. The factors identified above are not exhaustive. Aon and its subsidiaries operate in a dynamic business environment in which new risks may emerge frequently. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. In addition, results for prior periods are not necessarily indicative of results that may be expected for any future period. Further information concerning Aon and its businesses, including factors that could materially affect Aon’s financial results, is contained in Aon’s filings with the SEC. See Aon’s Annual Report on Form 10-K for the year ended December 31, 2024 for a further discussion of these and other risks and uncertainties applicable to Aon and its businesses. These factors may be revised or supplemented in subsequent reports filed with the SEC. Aon is not under, and expressly disclaims, any obligation to update or alter any forward-looking statement that it may make from time to time, whether as a result of new information, future events or otherwise.

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

GINZA, Japan, Sept. 3, 2025 /PRNewswire/ — The House of Harry Winston, the legendary “King of Diamonds” and “Rare Jeweler of the World,” proudly opens its new Ginza flagship salon.

Located at 1-7-10 Ginza, Chuo-ku, Tokyo, the expansive 869-square meter space is now Harry Winston’s largest salon in Japan. Spanning three floors, the new flagship introduces a fresh design direction, reimagining the iconic Winston style through a more contemporary, architectural lens.

“Japan holds a special place in the history of Harry Winston. Since opening our first salon in 1988, Japan has played an integral role in building the House’s renowned global legacy,” said Nayla Hayek, CEO of Harry Winston, Inc. “Set in Ginza – the epicenter of luxury, where forward thinking design meets enduring tradition – the opening of our new Flagship represents an exciting new chapter – one that honors the House’s longstanding relationship in Tokyo, while also offering a bold vision for the future.  With this opening, we deepen our commitment to serving our clients, both new and existing, at the highest level.”

Every detail within the interior speaks to the House’s enduring legacy. Fine-cut white polished marble outlines the perimeter of each floor, complemented by custom carpets that add warmth and texture. Walls are finished in glossy white textured wallpaper and marble, lending a luminous effect throughout. A statement chandelier and curated decorative furnishings complete the ambiance.

Each floor of the salon unveils a distinct experience, guiding guests through a space that reflects the House’s heritage and dedication to craftsmanship. The first floor is devoted to bridal, while the second-floor houses signature collections, timepieces, and the House’s most exceptional high jewelry creations. This level also features the largest VIP salon in Japan, offering an intimate environment for private client experiences. Below ground, a dedicated merchandise repair concierge further enhances the House’s aftercare services.

The exterior façade, clad in crème travertine marble, features window vitrines and three illuminated lightboxes showcasing the House’s seasonal campaigns. At the entrance, guests are welcomed through Harry Winston’s signature black and gold double gates, adorned with rosette motifs and flanked by two matching lampposts—iconic elements that pay tribute to the House’s historic Fifth Avenue Flagship in New York City. Since opening its first salon in the country in 1988, Harry Winston has expanded to eight locations in Japan.

Harry Winston Ginza Flagship Salon

Harry Winston Ginza Flagship Salon Interior

• Awards reflect success in democratising investing for 1.5 million local users
• Highlights momentum from Moomoo AI launch and new partnerships with global asset managers
• Reinforces commitment to financial literacy, accessibility, and smarter investing through AI

SINGAPORE, Sept. 3, 2025 /PRNewswire/ — Moomoo Singapore is proud to announce that it has won the WealthTech of the Year and Personal Finance Tech of the Year awards at the 2025 Asia FinTech Awards. The accolades recognise the company’s commitment to leveraging cutting-edge technology and client-focused solutions to enhance the investment experience for retail and high-net-worth investors alike.

“These awards are a strong endorsement of our mission and progress in Singapore,” Echo Zhao, Country Head, Moomoo Singapore, said “Winning both WealthTech of the Year and Personal Finance Tech of the Year reflects our dual focus – on one hand, building a robust, advanced platform for wealth creation, and on the other, ensuring that every individual investor has the tools, knowledge, and confidence to invest wisely. This recognition motivates us to keep raising the bar for our clients and the industry.”

The WealthTech of the Year award recognises Moomoo’s ability to combine advanced technology with deep financial expertise to elevate the private wealth experience. The company’s Moomoo Private Wealth (MPW) service caters specifically to high-net-worth individuals with at least S$1 million in investable assets. The platform equips clients with institutional-grade capabilities, including comprehensive stock screeners, advanced charting tools, and real-time market data.

Beyond technology, MPW integrates personalised advisory through dedicated relationship managers, ensuring clients receive nuanced insights and tailored strategies. Strategic partnerships with leading asset managers further enrich the platform, offering curated investment strategies that meet stringent due diligence and screening standards, giving clients diversified and trusted options.

The Personal Finance Tech of the Year award underscores Moomoo Singapore’s impact in democratising investing for retail users. The company recently surpassed 1.5 million local users — representing one in two Singapore residents aged 20 to 70 — achieving a 50% growth in just 15 months. Its platform provides comprehensive access to global markets through a single, user-friendly interface.

Educational initiatives such as MooLearn, offering over 2,000 investment courses, along with the Global Paper Trading Challenge, support community-driven learning and practical investment experience. This reflects Moomoo’s commitment to empowering investors at every stage of their journey.

The dual recognition comes amid significant momentum for Moomoo Singapore. Earlier this year, the company introduced Moomoo AI at MooFest 2025, a sophisticated investment assistant that delivers real-time insights by combining market data, technical indicators, and news, helping both retail and private wealth clients make informed decisions. The company also recently announced a strategic collaboration with Barings, broadening the range of quality investment products available for MPW clients. Together, these initiatives underscore Moomoo’s dedication to product innovation, client experience, and market partnerships.

“Our vision is to make investing more transparent, efficient, and empowering for everyone,” Zhao said. “These awards affirm that we are on the right track, and they inspire us to go further in driving financial literacy and creating opportunities that benefit all investors in Singapore and beyond.”

Looking ahead, Moomoo Singapore remains focused on elevating financial literacy and enriching the investment journeys of its users. The company continues to explore AI-powered tools, enhance product accessibility, and strengthen partnerships with leading asset managers, fostering smarter financial decision-making and contributing to a more informed and resilient financial community in Singapore.

About Moomoo Singapore

Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) is an award-winning advanced financial technology company transforming the investing experience through our digitalised brokerage and wealth management platform – moomoo. Moomoo enhances the user experience with market data, news, and powerful analytical tools. Moomoo also embeds a unique digitalised investment community to connect all users, investors, companies, analysts, media and key opinion leaders.

Moomoo Singapore offers investment products for trading via the moomoo platform, and it is a capital markets services license holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000), Major Payment Institution (Licence No. PS20200617) holder with the Exempt Financial Adviser Status. In July 2025, Moomoo Singapore reached the 1.5 million users milestone in Singapore.

Moomoo Private Wealth offers bespoke investment strategies for HNW and institutional clients. Backed by its cutting-edge technology platform, Moomoo Private Wealth offers a portfolio of innovative investment products and has been recognised by Asia Banking and Finance for its product excellence.

Our achievements include the WealthTech of the Year and Personal Finance Tech of the Year at the 2025 Asia Fintech Awards and the SIAS Best Retail Broker 2024.

TAIPEI, Sept. 3, 2025 /PRNewswire/ — GEEKOM, a world-renowned tech brand known as the Green Mini PC Global Leader, is set to make waves at IFA 2025 with a groundbreaking product launch and a showcase of its premium computing lineup.

With over two decades of expertise in the PC industry, GEEKOM has earned a stellar reputation among tech enthusiasts and professionals worldwide for its unwavering commitment to product excellence and consistently reliable after-sales support. 2025 marks GEEKOM‘s third consecutive year participating in IFA, one of the world’s leading trade fairs for consumer and home electronics.

GEEKOM is set to livestream the highly anticipated launch of the A9 Mega, a groundbreaking AI PC poised to redefine local AI computing. Powered by the cutting-edge AMD Ryzen™ AI Max+ PRO 395 processor with a staggering 120W TDP, the A9 Mega delivers an unprecedented 126 TOPS of AI performance, enabling ultra-fast, on-device processing that eliminates latency, enhances privacy, and reduces reliance on cloud infrastructure.

Designed for the most demanding AI workloads, edge computing, and real-time data analysis, the A9 MEGA features 128GB of LPDDR5X-8000MHz RAM and dual PCIe Gen4 SSD slots, offering blistering speed and massive bandwidth in a sleek, compact form factor. The A9 MEGA is now officially available on Kickstarter – grab yours at the lowest prices while supplies last! From generative AI applications to autonomous control systems, GEEKOM’s flagship model empowers developers, researchers, and creators with desktop-class performance and unmatched responsiveness.

The global unveiling will be streamed live on GEEKOM’s official YouTube channel, inviting tech fans around the globe to witness this milestone moment in real time.

In addition to the A9 Mega, GEEKOM will showcase its full lineup of premium mini PCs, which are known for their sleek design, energy efficiency, and enterprise-grade reliability. Visitors will also have the opportunity to explore GEEKOM’s brand-new laptop series, equipped with high-performance internals designed to meet the demands of professionals and creatives on the move.

GEEKOM‘s presence at IFA 2025 underscores its leadership in compact computing and its vision for a future where AI is accessible, powerful, and locally optimized. With innovation at its core, GEEKOM continues to push the boundaries of what mini PCs and laptops can achieve—delivering compact, high-performance solutions that redefine versatility in modern computing.

This year’s IFA will be held in Berlin, Germany from Sept 5-9, 2025. You can Join GEEKOM at Hall 5.2b, Booth 161 to experience cutting-edge technology up close. Don’t miss the A9 MEGA‘s exclusive Kickstarter campaign – secure your revolutionary AI PC at unbeatable early-bird pricing today!

SINGAPORE, Sept. 3, 2025 /PRNewswire/ — UOB Asset Management Ltd (UOBAM) launched its latest managed portfolio solution, the UOBAM Gold+, which blends 49% SPDR Gold MiniShares Trust ETF (GLDM), 49% United Gold & General Fund (UGGF) and a 2% cash buffer. The equal-weight structure offers investors balanced, cost-efficient exposure to the global gold market by pairing physically backed gold bullion with predominantly gold-focused but diversified mining equities.

The UOBAM Gold+ is designed with equal allocations and quarterly rebalancing, enabling investors to benefit from the stability of physical gold during periods of market volatility while capturing the growth potential offered by top-tier mining companies. Additionally, the cash sleeve ensures daily liquidity for enhanced flexibility.

Rachel Ong, Chief Marketing Officer of UOBAM, said “In today’s uncertain market, investors are actively seeking smarter ways to protect and grow their wealth. The UOBAM Gold+ is designed to offer the best of both worlds for investors who are looking for portfolio diversification – combining the stability of physical gold and the growth potential of gold-related equities in a balanced and resilient strategy. With gold reaching successive all-time highs this year and central banks continuing to add bullion to their reserves, this portfolio provides a timely and accessible gateway to tap into the momentum while supporting portfolio hedging and tactical positioning in a dynamic investment landscape.”  

The launch of UOBAM Gold+ comes amid renewed and increasing demand for the metal, fuelled by persistent inflation risk, shifting interest-rate expectations and ongoing geopolitical uncertainties. In this environment, gold has reaffirmed its role as both a liquid safe-haven asset and a proven strategic diversifier for long-term portfolios. The SPDR Gold MiniShares Trust ETF (GLDM) offers one of the most competitive expense ratios in the market, serving as a cost-efficient defensive sleeve. Complementing this, the United Gold & General Fund (UGGF) is an actively managed strategy with more than 30 years of proven performance, investing in established, cash-generative global mining companies with a strong focus on gold. Together, these two funds provide a dynamic blend, balancing gold’s price movements with diversified exposure across physical gold and global-mining stocks.

Exclusively available on the UOBAM Invest app, the portfolio offers convenience and accessibility with a low minimum investment amount starting from S$1. Currently, investors can also benefit from no advisory and platform charges, enabling them to make the most of their investments.

For more information, visit http://uobam.com.sg/goldplus

About UOB Asset Management

UOB Asset Management Ltd (UOBAM) is a wholly-owned subsidiary of United Overseas Bank Limited. Established in 1986, UOBAM has nearly 40 years of experience in managing collective investment schemes and discretionary funds in Singapore, making us among the largest unit trust managers by assets under management. As of 31 July 2025, we managed 65 unit trusts in Singapore and together with our subsidiaries, oversees S$38.1 billion in clients’ assets.

Headquartered in Singapore, UOBAM has a strong presence across Asia, with business and investment offices in Brunei, Indonesia, Japan, Malaysia, Thailand and Vietnam. Our network includes UOB Islamic Asset Management Sdn Bhd in Malaysia, a joint venture with Ping An Fund Management Company Limited (China) and strategic alliances with partners such as Wellington Management Singapore.

UOBAM is one of the region’s most awarded asset managers, with over 380 awards won. In 2025, we were recognised as the Best Regional Asset Management Company by the Asia Asset Management and previously named Best Asset Management House in Asia – 20 Years in 2023. Our digital innovation has also earned top honours, including Best Digital Wealth Management in Asia[^1] and Best Robo Advisory Initiative[^2] for 3 consecutive years as of 2024.

As a leader in sustainable investing, UOBAM was awarded Best application of ESG in ASEAN^[3] (2023) and has received multiple sustainability accolades in Indonesia and Thailand. Our artificial intelligence capabilities were also recognised with the Most Innovative Application of Artificial Intelligence (ASEAN) for 2 consecutive years^[4].

Important Notice and Disclaimers

This document is for your general information only. It does not constitute investment advice, recommendation or an offer or solicitation to deal in Exchange Traded Funds (“ETFs”) or in units in any Unit Trusts (“Unit Trusts”, ETFs and Unit Trusts shall together be referred to as “Fund(s)”) nor does it constitute any offer to take part in any particular trading or investment strategy. This document was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information and conditions available as at the date of this document and may be subject to change at any time without notice. If any information herein becomes inaccurate or out of date, we are not obliged to update it. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of any Fund or UOB Asset Management Ltd (“UOBAM”) and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM. The value of any Fund and the income from them, if any, may fall as well as rise, and may have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. Investments in any Fund involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited (“UOB”), UOBAM, or any of their subsidiary, associate or affiliate (“UOB Group”) or distributors of the Fund. Market conditions may limit the ability of the platform to trade and investments in non-Singapore markets may be subject to exchange rate fluctuations. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the respective Fund’s prospectus. The UOB Group may have interests in the Funds and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund’s prospectus, which is available and may be obtained from UOBAM or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Funds, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Any reference to any specific country, financial product or asset class is used for illustration or information purposes only and you should not rely on it for any purpose. We will not be responsible for any loss or damage arising directly or indirectly in connection with, or as a result of, any person acting on any information provided in this document. Services offered by UOBAM Invest are subject to the UOBAM Invest Terms and Conditions. Apple and the Apple logo are trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

UOB Asset Management Ltd. Company Reg. No. 198600120Z

TBO’s purchase of the leading U.S. luxury travel wholesaler elevates its premium outbound travel market services across the global stage

SAN FRANCISCO, Sept. 3, 2025 /PRNewswire/ — TBO (NSE: TBO TEK), based in Gurugram, India, announced its agreement to acquire US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies, for an estimated total purchase of up to $125 million.

The acquisition brings together the power of TBO’s first-class technology platform and worldwide inventory with Classic Vacation’s vast network of luxury travel advisors and suppliers. Classic Vacations delivered a revenue of $111 million and an operating EBITDA of $11.2 million in the fiscal year ended Dec. 31, 2024.

TBO’s expansion into serving the premium outbound travel market aligns strategically with Classic Vacation’s exclusive B2B brand and elite, high-value advisor network enhanced by its nearly five decades of success and brand recognition.

“We’re thrilled to bring Classic Vacations into the TBO family – the company’s longstanding delivery of outstanding services has earned the trust of its more than 10,000 travel advisors in the U.S., and their end customers, making them a seamless fit for our vision moving forward in the fast-evolving travel and tourism industry,” said Gaurav Bhatnagar, TBO’s co-founder and Jt. managing director. “Classic Vacations is led by a strong team of experts and will continue as an independent brand while leveraging TBO’s technology and distribution capabilities to grow their business.”

“This acquisition continues to further our strategy to invest in both organic and inorganic growth opportunities. As we start working on integrating Classic Vacations with TBO, we will remain open to similar strategic alliances going forward,” said Ankush Nijhawan, co-founder and Jt. managing director of TBO.

“We’re excited for this next phase in our company’s journey – TBO’s tech-centric solutions are geared fully toward our travel advisor community,” said Melissa Krueger, CEO of Classic Vacations. “TBO connects us to its first-class technology platform unlike what the wholesale market has ever had access to – allowing us to bring even more resources, tools and insider connections to our valued travel advisors.”

“Together, we’re strengthening Classic Vacations’ position as the premier luxury partner in the market while extending our reach onto the global stage, reflecting the worldwide footprint of our most important customers and supplier partners,” Krueger added.

This next phase in TBO and Classic Vacations’ operations will leverage the combined strength of both companies — accelerating growth as a global leader of the luxury travel market while ensuring continuity for customers, suppliers, and employees. With global demand for luxury travel projected to expand significantly over the coming decade, this partnership creates a stronger platform to meet evolving traveler expectations and drive sustained value.

Classic Vacations was bought by The Najafi Companies in 2021 from Expedia Group.

“This acquisition and partnership is a natural next step for our portfolio company Classic Vacations, and we’re happy to have worked successfully with them for the last four years, maximizing the company’s strengths and expertise in luxury travel. With a proven track record of delivering value to partners and travelers alike, Classic is uniquely positioned to lead the industry forward, building on its legacy of performance for years to come,” said Jahm Najafi, founder and CEO of The Najafi Companies.

Moelis & Company LLC acted as exclusive financial adviser and Ballard Spahr LLP acted as legal advisor to Classic Vacations in this transaction. Cooley LLP served as the legal advisors and PWC were the financial and tax advisors for TBO.

About TBO
Founded in 2006, TBO is one of the leading global travel distribution platforms that aims to simplify the buying and selling travel needs of travel partners across the world. It leverages technology to simplify the demands of the complex world of global travel by connecting over 159,000 travel buyers and 1 million travel suppliers at scale of more than 100 countries.

About Classic Vacations
Classic Vacations is a premier B2B2C luxury travel company with a strong network of high-value Travel Advisors and deep ties with major American consortia. Professionally managed, the company leverages expert call centers to deliver premium white-glove service across hotels, air, experiences, car rentals, and travel protection, specializing in complex bespoke luxury itineraries.

About The Najafi Companies
The Najafi Companies, based in Phoenix with offices in New York and Paris, is an entrepreneurially driven private investment firm founded in 2002. The firm makes investments across industries, with significant holdings in consumer brands, ecommerce, media, travel and sports. For more information, visit www.najafi.com. 

Media Contact:
LAVIDGE PR
najafi@lavidge.com