Nordic business of Thomas Cook lives on after PE deal

Bloomberg

The Nordic operations of Thomas Cook have been bought by a group of local investors, a little over a month after the parent company went bust.
Billionaire Petter Stordalen’s Strawberry Group will team up with Altor Fund V and TDR Capital to take over the assets of Thomas Cook Northern Europe, or Vinggruppen, the group said.
“Their great industry expertise and financial strength give us the long-term stability we need,” Magnus Wikener, head of Vingruppen i Norden, said. “This agreement also means saving the jobs of just over 2,300 people working in Vinggruppen, including our airline.”
Thomas Cook’s collapse led to 9,000 job losses in the UK and left 150,000 people stranded overseas.