Articles tagged “elliott management”

Travel Technology

Travelport Raises $570 Million and Adds New Owners

Travelport has now received $770 million in private equity this year.

Justin Dawes | 5 months ago

Travelport Raises $570 Million and Adds New Owners

Hotels

Paul Singer’s Elliott Management Bets on Hotels as Part of $372 Million Deal

An investment vehicle backed by Elliott Management has invested in hotels, following similar moves by other big-money firms. Fun fact: The $370 million deal coincides with the acquisition of U2's The Clarence Hotel.

Sean O'Neill | 6 months ago

Paul Singer’s Elliott Management Bets on Hotels as Part of $372 Million Deal

News Blog

Travelport Owners Inject $200 Million to Sustain Its Travel Tech Growth

Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held company didn't disclose its financial performance other than to say it had achieved "a strong first-quarter performance." The investment may have partly helped Travelport to…

Sean O'Neill | 1 year ago

Travel Technology

Mondee Reportedly Gets $20 Million From Travelport Owners to Support Going Public

Some recent efforts by businesses to go public via mergers with blank check companies have stalled or fizzled. But it's a vote of confidence in Mondee that Travelport's financial sponsors, Elliott Management and Siris Capital, are reportedly putting up money to support the travel tech company in going public.

Sean O'Neill | 2 years ago

Mondee Reportedly Gets $20 Million From Travelport Owners to Support Going Public

Online Travel

Travelport Dodges Bankruptcy Thanks to $500 Million Pact With Lenders

Travelport's backers have won their feud with lenders. Now Siris Capital and Elliott Management's asset management arm need to defeat payment firm Wex in court over a disputed eNett sale.

Sean O'Neill, Skift | 4 years ago

Travelport Dodges Bankruptcy Thanks to $500 Million Pact With Lenders

Online Travel

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

The existence of the deal, previously unreported, should reassure anyone about the travel tech company's near-term stability.

Sean O'Neill, Skift | 4 years ago

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

Coronavirus

Travelport Seeks Sharper Distribution Edge Despite Pandemic’s Hit to Revenue

Travelport's response to the pandemic shows that purpose can defy skeptics. But uncertainty around the fate of its eNett sale may last for months.

Sean O'Neill, Skift | 4 years ago

Travelport Seeks Sharper Distribution Edge Despite Pandemic’s Hit to Revenue

Online Travel

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It's possible another buyer may emerge, but at a price far below the $1.7 billion deal that the parties struck in a now-vaporized bygone era.

Dennis Schaal, Skift | 4 years ago

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal