The combined company will earn one billion euro in annual revenue.
What role has private equity played as Travelport’s parent company seeks to restructure its debt this week?
Web reservation and property management company Eviivo has sold to tech private equity house Investcorp Technology Partners.
Will innovation and marketing take a back seat at European online travel agency Opodo, now that it has been newly acquired by AXA Private Equity and Permira Funds?
More big money moves in the world of online travel agencies with news that Spanish giant eDreams has changed ownership in a deal for around Euro 250 million-300 million.
The bottom line in Amadeus’ announcement yesterday that it will attempt a public offering on the Spanish Stock Exchanges in the first half of the year is this: UK private equity firms BC Partners and Cinven likely will retain control of Amadeus and they will use the proceeds to pay down debt.
In weak moments, I find myself pining for Travelocity, which at times appears to have disappeared behind the iron curtain of private equity and debt.
Since parent company Sabre, acquired by private-equity firms Texas Pacific Group and Silver Lake Partners in 2007, hasn’t released any earnings statements for 2009, except to bondholders, it is tough to get a precise handle on Travelocity’s performance.
But, it is clear that Travelocity has not been nimble in reacting to — let alone spurring on — market developments.