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Genstar, Bain Capital Ventures seal 3.8x return through $930m TravelClick sale

20 Mar 2014

forest holidays_sqGenstar Capital and Bain Capital Ventures have reportedly netted a 3.8-times return on their investment in software group TravelClick through the $930m sale to Thoma Bravo.

PeHUB reported the news, citing a source with knowledge of the matter.

TravelClick, a software-as-a-service provider to the hospitality industry, has more than doubled its revenues and EBITDA since being bought by Genstar and Bain Capital Ventures from Bain Capital in 2007.

Genstar managing director Mark Hanson said, “We are proud of how the TravelClick team has grown and extended the company’s market leadership in the hospitality data and software sector over the past seven years.

“Recruiting a strong management team, led by our outstanding CEO, Larry Kutscher, was key to accelerating the company’s growth and enhancing the customer experience.”

In January it was reported that TravelClick could be valued at $800m in a deal.

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