Genstar bought into the business alongside fellow buyout house Bain Capital in 2007, and has managed to more than double TravelClick’s revenue and EBITDA since.
TravelClick provides cloud-based software to the hospitality industry, and grew its market leadership in the hospitality data, marketing and software sector over the past seven years through organic growth and two acquisitions.
The company’s software is used by more than 38,000 hotel properties in over 150 countries.
Genstar chairman and managing director Jean-Pierre L Conte said, “Genstar launched its software industry focus seven years ago and closing this sale is a strong validation of our strategy of driving improvements in vertical market leaders.
“[CEO Larry Kutscher] and his team have delivered outstanding results and we’d like to thank them for their leadership.”
Copyright © 2014 AltAssets