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New Deal


Announced

Completed

Cendyn completed the merger with Pegasus.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

hospitality solutions

Software

Majority

Acquisition

Private

Cross Border

Merger

Single Bidder

Friendly

United States

Completed

Synopsis

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Cendyn, a provider of cloud-based software and eCommerce services for the hospitality industry, completed the merger with Pegasus, a provider of revenue and distribution solutions for the hospitality industry. Financial terms were not disclosed. "The completion of this merger is an exciting moment for Cendyn, and we believe, for the industry. As the hospitality industry recovers from the effects of the pandemic, the combination of Cendyn and Pegasus will help hoteliers achieve their critical digital transformation and automation objectives to keep up with ever-evolving consumer expectations and contain costs," Tim Sullivan, Cendyn CEO and President.

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