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New Deal


Announced

General Atlantic to invest in Tripleseat.

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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hotel platform

restaurant platform

United States

Online and Social Platforms

Pending

Single Bidder

Private Equity

Domestic

Minority

Acquisition

Private

Friendly

Synopsis

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General Atlantic, a global growth equity firm, agreed to invest in Tripleseat, an event management software and integrated payments solution for the hospitality industry. Financial terms were not disclosed. "We are thrilled to welcome General Atlantic as our partner and look forward to drawing upon their expertise as we work towards thoughtfully scaling our business, which sits at the intersection of software and payments. We are also grateful for Vista, Level, and EHI’s continued support. Over the past several years, we have remained intently focused on building Tripleseat to cater to the unique needs of our customers and deliver long-term value. Looking ahead to our next phase of growth, we are energized to continue innovating and transforming the way the hospitality industry approaches event management," Jonathan Morse, Tripleseat CEO.

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