Travelport Close to Being Taken Private by Activist Investor
Photo Credit: Elliott Management is a hedge fund run by Paul Singer, a well-known activist investor, shown here. Eliott has targeted Travelport, the travel distribution technology company, for a plan to take the company private in a buyout. Travelport
Skift Take
Travelport has only been on the public market for four years, but hedge fund Elliott Management believes it can engineer a leveraged buyout that will unlock more value from the company. A spin-off of payments unit eNett is a likely early goal.
Travelport, the third-largest ecommerce platform for the distribution of air, hotel, and other travel content, is close to being taken private at the end of a process begun at the start of the year by New York activist investor Elliott Management.
Reuters reports that buyout firm
