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Travelport Shareholders OK Take-Private Deal

A majority of Travelport shareholders Friday gave the requisite go-ahead to the publicly traded company's proposed acquisition by a private equity partnership.

Report: Travelport Private Equity Acquisition Is Nigh

A consortium that includes Siris Capital Group and Elliott Management are in late-stage talks to acquire Travelport, Reuters reported Thursday, citing unnamed sources.

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.

Before Take-Private Deal, Travelport Explored Other Options, Suitors

In the run-up to Travelport's agreement last month to go private with Siris Capital Group and Evergreen Coast Capital, 10 different "financial sponsors" and five "strategic parties" emerged as potential suitors for the global distribution system operator or its assets.

Travelport Readies For Privately-Held Future, As Past Quarter Underscores 'Headwinds'

In what is likely to be its final publicly filed earnings statement before it goes private, Travelport reported a 4 percent year-over-year decline in worldwide global distribution system segments and a modest rise in net revenue and earnings for the three months ending Dec. 31, 2018.

Reed & Mackay Expands Through M&A And Partners, Private Equity At Its Back

In August 2016, private equity firm Inflexion invested in London-based travel management company Reed & Mackay to drive organic growth, fund acquisitions and expand internationally. In the months that followed, the TMC made good on a couple of agency deals, including the acquisition of Chicago's Gray's Travel Management, and has more in the pipeline. Reed & Mackay also recently repositioned its network of international TMC partners and plans closer cooperation with them.

Direct Travel Flips To Another Private Equity Owner

Private equity firm Silver Oak Services Partners sold its equity stake in Direct Travel to Boston-based Abry Partners last month. The transaction came roughly four years after Silver Oak took ownership of Direct Travel and backed an aggressive travel agency roll-up, led by Direct Travel CEO Ed Adams.

Direct Travel, ATPI Form Jointly Held Multinational TMC

Direct Travel has joined with Anglo-Dutch travel management company ATPI Group to form Direct ATPI Global Travel, a jointly held company that will focus on multinational midmarket corporate clients, the companies announced Tuesday.
INTERVIEW: Deem CEO John Rizzo

INTERVIEW: Deem CEO John Rizzo

Last week, Enterprise Holdings—parent of the Alamo, Enterprise and National rental car brands—completed the acquisition of corporate travel booking, ground transportation and expense reporting technology provider Deem. CEO John Rizzo spoke with The Beat editor-in-chief Jay Boehmer.
INTERVIEW: Farelogix CEO Jim Davidson

INTERVIEW: Farelogix CEO Jim Davidson

A one-time GDS exec with Amadeus, Farelogix CEO Jim Davidson has been an occasional GDS provocateur, gadfly and agitator, especially when his business was premised on GDS-bypass. Now, he's working more and more with the GDSs and is bullish on the airline distribution complex putting old-fashioned protocols behind it and moving into a more modern era. He recently spoke with The Beat.