CNG/Tzell Travel MBO & Trade Sale
In 2007, I completed a corporate turnaround and privatization of CNG Travel Group plc, a New York based, UK listed internet travel company in which he was an angel investor. I restructured the company turning it from making a $23 million loss to making $8 million operating profit in 2 years. I raised $44,500,000 in equity and debt finance and lead a Management Buy-Out of CNG Travel Group plc. The operating company (Tzell Travel) was subsequently merged with TravelLeaders group in a trade sale, creating the largest independent Travel Group in the United States.