Genstar has hired Evercore Partners to run an auction of the company, which could be valued at $800m in a sale, said Reuters, citing four people familiar with the matter.
TravelClick, which currently has 36,000 hotel clients in more than 160 countries, had revenues of $257m in 2012, according to Moody’s.
The San Francisco-based firm bought TravelClick from Bain Capital and its co-founders Richard Gray and Ray Cohen in 2007, while Bain’s venture arm took a minority stake in the business.
It was recently reported that Genstar led a $75m equity investment in earthquake insurance business Palomar Specialty Insurance.
The firm is currently investing from its sixth fund, which is believed to have closed around its reduced $1bn target.
Copyright © 2014 AltAssets