NEWS & VIEWS

Global private equity and venture capital news and research

Genstar exits TravelClick to Thoma bravo in $930m deal

19 Mar 2014

sun sunset solar beach holiday seaPrivate equity firm Thoma Bravo has agreed to buy software group TravelClick from peer Genstar Capital Management for $930m.

TravelClick is a software-as-a-service provider to the hospitality industry.

Since it was acquired by Genstar and Bain Capital Ventures in 2007, TravelClick has more than doubled its revenues and EBITDA.

Genstar said the acquisition will enable the company to grow organically and make acquisitions.

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.

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014