JTB Corp. to Acquire Northstar Travel Group from EagleTree Capital

JTB Corp. has entered into a definitive agreement to acquire Northstar Travel Group from EagleTree Capital, with Northstar continuing as an independent subsidiary.

JTB Corp. has signed an agreement to acquire Northstar Travel Group from EagleTree Capital and its co-investors. Northstar will continue its operations as a wholly owned, independent subsidiary of JTB. The financial terms of the transaction have not been disclosed.

Northstar Travel Group is known for its B2B travel industry events, media, and information services. It operates brands such as Travel Weekly, Business Travel News, ALIS, The Meetings Show, and Phocuswright. These platforms connect over one million professional travel buyers with more than 1,500 supplier customers globally.

The acquisition aligns with JTB’s growth strategy, which focuses on geographic expansion and targeted investments in events, information services, and market intelligence related to the travel industry. The transaction is expected to enhance Northstar’s geographic expansion, particularly in the Asia Pacific region.

The existing management team at Northstar, led by CEO Jason Young, will continue to oversee the company. The transaction is expected to close by September 2025, pending customary closing conditions and receipt of all necessary regulatory approvals.

Financial advisory services for Northstar were provided by BrightTower, with legal counsel from Jones Day. For JTB, SMBC Nikko acted as the financial advisor, while Venable LLP and Mori Hamada & Matsumoto provided legal counsel.