The Apartment Network to Add Funding from Parent Co.

Serviced apartment distribution provider The Apartment Network will secure additional funding from its parent company, private equity firm Ansor, as part of an investment commitment of £63 million (US$62.3 million) to Ansor, the company announced Monday.

Ansor said it would invest in the five companies in its existing business portfolio but didn’t specify the level of funding The Apartment Network would receive.

The Apartment Network said it now offers more than 53,000 apartments in 420 cities across 50 countries. The Apartment Network recently added Greeley Koch as strategic advisor and director for the Americas as the platform furthers its growth strategy in Europe and North America.

The Apartment Network was acquired by Ansor in 2020. The other companies in Ansor’s portfolio aren’t directly related to travel, including ALS Dental, 4C Procurement, Compliance Group and Efficient Building Solutions.

Angelique Platas www.businesstravelnews.com