Dennis Schaal, Skift
It's no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company's private equity debt a day later. Hey, whether you are a homeowner or a giant online travel company, a good refinancing deal can be smart and hard to resist.
5 days ago
Bart Meijer, Reuters
The buyout firm KKR paid close to the asking price Roompot, which runs 200 campsites and holiday homes in Denmark, the Netherlands, and elsewhere in Europe. PAI Partners made quite a profit on it, having bought Roompot for only about $700 million in 2016.
3 weeks ago
Sean O'Neill, Skift
The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute.
1 month ago
Sean O'Neill, Skift
The coronavirus pandemic made some travel companies seem like dominoes stacked too closely together. But private equity will help some businesses like Vacasa escape this crisis without toppling over.
1 month ago
Dennis Schaal, Skift
Many companies won't reopen for business when coronavirus ebbs, but two that will definitely still be left standing will be Expedia Group and Airbnb. They could potentially find ways to cooperate in the face of bigger threats in the form of Google and Booking.com.
2 months ago
Sean O'Neill, Skift
Smaller online travel agencies try to make money by grabbing nickels and eurocent coins ahead of the steamrollers of global advertising behemoths. The underreported story of why China's largest travel company acquired a tiny Dutch travel group highlights the phenomenon.
2 months ago
Dennis Schaal, Skift
Barry Diller followed a familiar pattern and appointed someone he's known for years and feels comfortable working with as CEO. Peter Kern will have no trouble working with Apollo and Silver Lake, and with making deep cuts because he is a private equity guy at heart.
3 months ago
Dennis Schaal, Skift
Two private equity firms are likely taking a minority stake in Expedia Group at very attractive terms — for the investors. There will be a flood of these types of deals inside the travel industry — and outside it, as well.
3 months ago
Dennis Schaal, Skift
Silver Lake and Sixth Street likely got a very attractive deal in exchange for their investment.
3 months ago
Sean O'Neill, Skift
Mondee's acquisition of fast-growing CTS (Cosmopolitan Travel Service) makes the group North America's largest airfare wholesaler by market size. Notably, Mondee could afford the deal thanks to fresh backing by TCW Group, a giant asset management firm. Lots of institutional money is seeking opportunities in travel this year.
5 months ago
Dennis Schaal, Skift
Ninan Chacko's abrupt exit as CEO of Travel Leaders Group elicited "wows" across the travel industry when people heard the news. The reasons behind his departure, and what new strategy controlling shareholder Certares Management has in mind is mere speculation for now.
6 months ago
Sean O'Neill, Skift
The deal gives a nice return to private equity firm Livingbridge, which bought Sykes in 2015 for about $75 million. What makes Sykes Cottages stand out is that it has fully built almost all of its technology on its own and has almost 80 percent direct bookings. New majority stakeholder Vitruvian is now placing a bet on short-term rentals.
9 months ago
