Nordic Leisure Travel Group

Nordic Leisure Travel Group is the market leading tour operator in the Nordics, selling packaged holidays under the well-known brands Ving, Spies and Tjäreborg.

Since the foundation of Ving AB in 1956, NLTG has established itself as the leading tour operator in the Nordics through vertical integration. NLTG was the Nordic division of the international tour operator Thomas Cook until their bankruptcy in 2019, when NLTG was acquired by the consortium of Altor, Strawberry Capital and TDR Capital. NLTG has an integrated business model being a tour operator, owner and manager of their hotel portfolio and operating their own airline Sunclass, with short- and long-haul destinations across the world. The PCP facility were used to finance the company’s expansion of its hotel portfolio and continued growth. The scope of our investment includes two popular hotels at Gran Canaria, fully owned by Ving. PCP has a deep and long experience from the North European tour operations market from previous investments and have established a close relationship with the management team and the owners.