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New Deal


Announced

Completed

Certares completed an investment in Avoya Travel.

Financials

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

Tags

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Private Equity

Domestic

Majority

Friendly

Travel and Tourism

United States

Single Bidder

travel agency

Acquisition

Completed

Private

Synopsis

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Certares, a global travel, tourism, and hospitality investment firm, completed an investment in Avoya Travel, one of the travel industry’s most innovative companies. Financial terms were not disclosed. "We are honored to welcome Certares as a partner in Avoya Travel. It’s taken tremendous endurance to build our industry-leading platform and we are excited for our brilliant employees, independent travel advisors, and suppliers – especially during these unprecedented times. We look forward to partnering with Certares to capitalize on the growth opportunities we see ahead as our industry begins its strong recovery," Jeff Anderson, Avoya Co-Owner and Co-CEO.

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