Posted December 10, 2018

Travelport Agrees To Go Private

Publicly traded global distribution system operator Travelport has agreed to be taken private by Siris Capital Group and Evergreen Coast Capital, which plan to buy outstanding common shares for $15.75 each and assume Travelport's debt in a deal valued at $4.4 billion, the company announced Monday. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted October 17, 2013

Amex CFO: JV Would Ease TMC's Struggle For Internal Investment, Boost Performance

American Express CFO Jeff Campbell made clear that the Global Business Travel division would continue to be a key part of the company should a proposed joint venture take effect in the second quarter of 2014 and said that teaming with private-equity firm Certares would provide an influx of capital that would help the TMC business "do a better job than frankly it's been able to do in the past few years at growth and investing in technology." Read More »
Posted by: David Jonas | More by David Jonas
Posted September 25, 2013

Amex, Private-Equity Investors Intend To Create Business Travel Joint Venture

American Express and an investor group represented by Certares intend to move American Express Global Business Travel into a joint venture structure that would continue using the American Express brand. Amex would retain 50 percent ownership and investors represented by Certares would commit between $700 million and $1 billion for the other 50 percent. Read More »
Posted by: David Meyer | More by David Meyer
Posted October 10, 2011 - Mahwah, NJ

New Directravel Owners Aiming To Build A $1.5B TMC

Private equity investment firm Silver Oak Services Partners is looking to roll up several midmarket corporate travel agencies into a $1.5 billion travel management company with about $30 million in annual EBITDA, according to new Directravel CEO Ed Adams. Read More »
Posted by: Jay Campbell | More by Jay Campbell
Posted May 30, 2011

Travelport Names Wilson CEO And Board Member As PE Investors Still Look For An Out

Travelport will have new leadership on June 1 with Gordon Wilson replacing Jeff Clarke as president and CEO of the company and joining a board of directors whose current members include Clarke and three private-equity investment firm representatives. Also a PE investor, former board member Greg O'Hara resigned on March 31 after three years and a transition to a different role within Travelport part-owner JPMorgan Chase.

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Posted by: Jay Campbell with reporting by Mary Ann McNulty | More by Jay Campbell
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