Skadden, Latham & Watkins, Kirkland & Ellis and Gibson Dunn advised on US$6.3 billion take-private deal for American Express Global Business Travel (Amex GBT).
Long Lake Management has entered into a definitive agreement to acquire American Express Global Business Travel in an all-cash transaction valued at approximately US$6.3 billion.
The buyer group is backed by General Catalyst and Alpha Wave. The transaction was negotiated by a Special Committee of the Amex GBT Board comprising independent and disinterested directors. Following the unanimous recommendation of the Special Committee, the Amex GBT Board approved the merger agreement with Long Lake.
The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including shareholder and regulatory approvals.
Skadden advised American Express Global Business Travel.
The team included Thad Hartmann, Peter Serating, Max Troper and Michael Wiseman.
Latham & Watkins acted as legal counsel to Long Lake Management.
Kirkland & Ellis advised the Special Committee to the Board of American Express Global Business Travel.
The team included corporate lawyers David Klein, Brian Junquera and Daniel Wolf; debt finance lawyers Rachael Lichman and Purun Cheong; capital markets lawyer Sophia Hudson; technology IP & transactions lawyers Seth Traxler and Shellie Freedman; tax lawyer Sara Zablotney; executive compensation lawyers Rob Fowler and Brandon Newman; and international trade lawyer Luci Hague.
Gibson Dunn acted as financing counsel to Long Lake Management.
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