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Articles tagged “private equity”

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.

Travelport Close to Being Taken Private by Activist Investor

Online Travel

Getaroom Sold to Private Equity Firm Court Square Capital Partners

Did Hotels.com co-founders Bob Diener and Dave Litman do it again with Getaroom? Certainly not on the same scale, but Court Square's acquisition of Getaroom looks like a winner for the duo, who self-funded their latest venture in travel.

Business Travel

Travelport Faces Dramatic Changes if Activist Investor Gets His Way

The last thing travel tech giant Travelport needs is to be sold to private equity. It's still digging out from all the debt Blackstone saddled it with. Our best guess is that it will be forced to partly sell eNett, a payments business.

Travelport Faces Dramatic Changes if Activist Investor Gets His Way

SkiftX

eDreams Odigeo Gives Up on Its Sales Process

It sounds like the potential buyers didn't accept the company's new strategy — or the buyers weren't willing to pay enough. Regardless, while it's certainly a risk, eDreams Odigeo is doing the right thing in diversifying its business and improving price transparency.

eDreams Odigeo Gives Up on Its Sales Process

Business Travel

Private Equity Rips Apart Kuoni as Thomas Cook India Gets More Global

Thomas Cook India’s acquisition of Kuoni’s network of destination management companies is a story of how an Indian company becomes a global player overnight. There are also deep wounds about how a global company like Kuoni could end up being broken, literally, to pieces.

Private Equity Rips Apart Kuoni as Thomas Cook India Gets More Global

Hotels

Exclusive: Pegasus Solutions Spins Off Reservations Business to Regent Equity Partners

In this transaction, Pegasus Solutions unloads a struggling reservations business to a private equity firm, and a smaller Pegasus Solutions, still facing lots of issues, lives to fight another day.

Exclusive: Pegasus Solutions Spins Off Reservations Business to Regent Equity Partners

SkiftX

TravelClick to be Acquired by Private Equity Firm for $930 Million

Is Thoma Bravo overpaying for TravelClick? It is a legitimate question considering that the initial sale process gave way to an auction, and we hear other suitors were rolling their eyes at an $800 million price tag. And does transitioning from the grip of one private equity firm to another really put TravelClick in a stronger competitive position?

TravelClick to be Acquired by Private Equity Firm for $930 Million

Business Travel

Qatar Takes Big Stake in American Express’ Business Travel Unit, With $900 Million Deal

This joint venture sets up a whole new dynamic for American Express Global Business Travel, which can trim its exposure and take advantage of a funding infusion.

Qatar Takes Big Stake in American Express’ Business Travel Unit, With $900 Million Deal

Online Travel

Sabre Lays Off More Than 200 Employees In Addition To Job Cuts at Travelocity

By bringing in former Continental chairman and CEO Larry Kellner as Sabre chairman, and installing Tom Klein as the new CEO, Sabre is signaling that it is readying a strategic move, possibly an IPO, in the near future. The Travelocity deal with Expedia, Travelocity divestments of zuji and Travelocity Business, and these layoffs may all be pieces of the puzzle.

Sabre Lays Off More Than 200 Employees In Addition To Job Cuts at Travelocity

Hotels

What Blackstone and Hilton Have Been Doing Behind Closed Doors

Proceeds from the IPO -- the size of which is still to be determined -- would go toward paying down debt. Unlike many other private equity acquisitions where the acquired companies have been hamstrung and loaded down with debt, Blackstone has really rationalized and improved Hilton's global operations.