Tavat partners with independent travel management companies to deploy AI-driven technology, expand EBITDA, and give founders a meaningful second bite of the apple.
The US corporate travel industry is $400B+ and almost entirely run by independent operators with no access to modern technology, payments infrastructure, or institutional capital. That's the opportunity.
No rip-and-replace. Tavat's AI layer sits on top of your existing operations and adds capability without disruption.
Natural language booking, policy enforcement, and itinerary management. Reduces manual handling by 40–60% and eliminates out-of-policy spend leakage.
Per-booking virtual cards, local currency settlement in 50+ countries, and automated reconciliation. Adds a high-margin payments revenue stream your clients will thank you for.
Auto-categorisation, receipt capture, policy approval workflows, and CFO-ready reporting. Turns your data into a competitive moat and a sticky upsell.
Shared finance, HR, compliance, and supplier negotiation infrastructure across all Tavat TMCs — eliminating the overhead that eats independent operators' margins.
Pay suppliers in 130+ currencies. GCC and cross-border corridors. Stablecoin settlement rails available. Real-time FX lock-in at booking.
Real-time spend dashboards, supplier benchmarking, 12-month budget forecasting, and ESG reporting — white-labeled to your corporate clients.
No-obligation conversation about your business, goals, and timeline. We provide an independent valuation and a clear picture of what partnership economics look like for you specifically.
4–6 weeksWe acquire a controlling stake (typically 51%) with a clear path to full liquidity. You retain meaningful equity in Tavat Group — structured for the second-bite exit when the platform reaches scale.
6–10 weeksOur integration team deploys the AI stack within 90 days without disrupting client relationships or existing workflows. You keep running the business — we add the technology layer underneath.
90-day deploymentAs Tavat acquires additional TMCs, the group achieves a platform valuation — higher multiples, stronger supplier leverage, and strategic acquirer interest. Your retained equity compounds with every addition.
24–48 month horizonWe're looking for well-run businesses with strong client relationships — not turnarounds. Here's what we look for.
Serving corporate clients, with an established book of business and repeat revenue. Regional focus is a strength, not a weakness.
Profitable operations with a demonstrated track record. We are not investing in pre-revenue or turnaround businesses.
Owner-operators who want to stay involved post-acquisition and benefit from the platform upside alongside us.
Some volume of cross-border travel gives us the FX payments layer to deploy — and the highest-value client segment to retain.
You don't need to be tech-forward — just open to it. We bring the stack, the implementation team, and the training.
No complex existing PE structures. We like simple, founder-owned businesses where the deal can close cleanly and quickly.
Most TMC owners have built something genuinely valuable. They just don't have access to the same tools, capital, and platform economics as the large players. That's what Tavat changes.
No obligation. No hard sell. Just a conversation about where your business is and where it could go with the right platform behind it.
Tavat Growth Partnership partners with family-owned TMC founders — not as financial buyers, but as operators who have managed GDS contracts, corporate travel programmes, and supplier relationships just like yours.
Most PE firms acquiring TMCs have never managed a GDS contract, negotiated a hotel rate programme, or handled a duty-of-care crisis at 2am. They bring capital and spreadsheets.
We bring something different. Tavat's founding team has built and operated travel businesses across the GCC and South Asia — managing supplier relationships, corporate client programmes, and technology migrations from the inside. When we sit across the table from a TMC founder, we speak their language.
This matters because the value in a TMC is not on the balance sheet. It is in the client relationships, the operational discipline, and the trust that has been built over decades. We are here to amplify that — not replace it.
We have negotiated Amadeus, Sabre, and Travelport agreements. We understand productivity thresholds, segment incentives, and override structures.
We have managed travel programmes for 500+ employee corporates. We know what a CFO and a travel manager need — because we have delivered it.
Airlines, hotel chains, and ground transport networks. Existing relationships your business can leverage from day one.
Rollup deal structuring expertise from North American investment banking — zero-cash equity exchange, call/put option mechanics, carry structures, and Series A sequencing.
Every TMC founder has sat through software demos that add complexity without adding profit. We make one specific, financial promise.
The most powerful outcome in any rollup is not the day you sign — it is what your retained equity is worth when the platform reaches institutional scale.
In a traditional sale, you get one bite. You sell at a 5–7× EBITDA multiple and the upside from what comes next belongs entirely to the buyer.
In the Tavat structure, you keep a significant equity stake in the consolidated platform. When we raise at Series A — valued on GBV, not EBITDA — your stake re-rates alongside the whole group. You participate in the platform upside your business helped create.
Tavat is applying a proven rollup playbook — used in insurance, IT services, and property management — to the one industry where it has not yet been done at scale.
We combine operator-led capital, AI servicing automation, embedded payments, and expense intelligence to help TMC founders scale faster, expand margins, and participate in the upside of a consolidated platform.
Every step of the Tavat model compounds the one before it. This is not a single bet — it is a sequenced value-creation engine.
US corporate travel is managed almost entirely by thousands of independent TMCs. The large players — Amex GBT, BCD, FCM — collectively hold less than 20% of the market. The rest is fragmented, independent, and underserved by technology.
This is a classic consolidation opportunity: a large, recurring-revenue sector with persistent operational inefficiency, low technology penetration, and motivated sellers who want liquidity but also want to stay involved.
The payments and expense layer adds an entirely separate monetisation surface. Global B2B travel payments are themselves a multi-trillion dollar flow. Every booking is a payment event. Tavat captures both.
Tavat is not a single-lever story. Returns are built from three independent and compounding sources.
Tavat is applying a proven model — used in insurance, dental, and property management — to corporate travel, where it has not yet been done at scale.
We are currently in conversation with a small number of aligned investors. If you invest in AI-enabled rollups, B2B fintech, or corporate travel infrastructure, we would like to speak with you.
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