Tzell
Tzell is a top ten business travel company that serves as a support and aggregation entity for independent travel agencies with established client bases. Tzell's agents and affiliates serve value-added niches such as finance, luxury goods, fashion, sports and entertainment. By aggregating the purchasing power of multiple organizations, the Company acts as an umbrella organization for mid-sized travel agencies which, in return, benefit from Tzell's centrally negotiated contracts, central back office support and office space, while retaining their independence to run their own businesses.

In August 2007, Praesidian provided $6.5 million of senior subordinated debt financing to support the acquisition of the publicly held shares of Tzell's parent, CNG Travel Group PLC (CTV), an Irish public limited company, by an investor group comprised mainly of Tzell's senior management team.

For more information, please visit www.tzell.com.