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Synopsis
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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