TravelPerk, a global travel management company, has acquired UK-based Click Travel, a TMC. The Baupost Group, a Boston-based investment manager with roughly $31 billion in assets under management, provided capital to TravelPerk to fund the acquisition, which will include Click Travel's employees, technology and its customer base. Click Travel was founded in 1999 and handles business travel for 2,000 clients. This is TravelPerk's third and largest acquisition following the integration of risk management startup Albatross in July 2020 and the acquisition of US business travel platform NexTravel in January of this year that significantly accelerated TravelPerk's growth in the US market. Avi Meir, CEO of TravelPerk, said the company is now not just the dominant player in the UK, “we’re the leading travel management platform for SMBs (small and mid-sized businesses) globally.” He said there is no doubt that the business travel market is on track for a full recovery after the disruption of the last year. The meetings that matter will always happen in person, he said, “and we are already seeing plenty of green shoots in our key markets.”