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New Deal


Announced

Completed

Siris Capital Group and Elliott Management completed a $200m investment in Travelport.

Financials

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Transaction Value£161m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Cross Border

Minority

Travel and Tourism

United Kingdom

travel agency

Completed

Private

Private Equity

Friendly

Acquisition

Synopsis

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Siris Capital Group, a private equity firm, and Elliott Management, one of the oldest fund managers of its kind under continuous management, completed a $200m investment in Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide. "The $200m investment from our owners, Siris Capital Group and Elliott Management, reflect their confidence in Travelport and the continued recovery of the travel industry. The main advantage of private equity ownership is agility, which is crucial in a rapidly changing environment. This investment will allow Travelport to further advance its tech innovations, while fueling the company’s momentum," Greg Webb, Travelport CEO.

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