Articles tagged “eNett”

Online Travel

Visa-Backed Startup Nium Announces Acquisition to Dig Deeper Into Travel Payments

There are more signs of confidence that travel’s making a comeback, with outsider Nium now wanting a slice of the payments action by buying Ixaris.

Matthew Parsons, Skift | 1 year ago
Visa-Backed Startup Nium Announces Acquisition to Dig Deeper Into Travel Payments

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 | 2 years ago
Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Online Travel

Travelport Finally Goes Private This Week in $4.4 Billion Deal

By the end of this week, Travelport is expected to leave the public markets in a $4.4 billion leveraged buyout. After months of waiting, the company can finally move on to its next steps.

Sean O'Neill, Skift | 3 years ago
Travelport Finally Goes Private This Week in $4.4 Billion Deal

Online Travel

The Inside Story of an Activist Investor’s Fight for Travelport

Few companies other than activist investor Elliott Management expressed a serious interest in acquiring Travelport. Elliott twice lost potential private equity partners after they reviewed Travelport's books. The deal price is underwhelming, and that's a signal that some things haven't been going the company's way.

Sean O'Neill, Skift | 4 years ago
The Inside Story of an Activist Investor’s Fight for Travelport

Online Travel

Travelport Close to Being Taken Private by Activist Investor

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.

Sean O'Neill, Skift | 4 years ago
Travelport Close to Being Taken Private by Activist Investor

Online Travel

Travelport’s Bet on a Commercial Payments Business Begins to Pay Off

While Travelport is best known as a middleman for selling airplane tickets, its fastest-growing segment is in commercial payments. While payments competitors like Wex and Worldpay don't have to worry yet, they may have to soon.

Sean O'Neill, Skift | 5 years ago
Travelport’s Bet on a Commercial Payments Business Begins to Pay Off