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New Deal


Announced

Completed

Accor, Hilton, IHG and Marriott completed $50m investment in Groups360.

Financials

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Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

Completed

Digital Services

Acquisition

Single Bidder

online marketplace

Friendly

Synopsis

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Accor, Hilton, IHG and Marriott completed $50m investment in Groups360, an online marketplace for meetings. “We have listened to meeting planners and heard their needs. Planners are looking for a simple and seamless experience for booking group rooms, meeting space, and ancillary services. Simple meetings should have a simple solution to make bookings across multiple brands easier. We are focused on continuing to enhance GroupSync’s™ reputation as the “smartest” search and book application available as it makes recommendations to planners based on their preferences and market price predictions from our algorithms. With this new investment in our business, we will scale up our sales, marketing and engineering teams to deliver this enhanced GroupSync™ functionality to more planners around the world,” Kemp Gallineau, Groups360 President and CEO.

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