Thoma Bravo to Acquire TravelClick
Thoma Bravo, LLC, a leading private equity investment firm, announced that it has entered into an agreement to acquire TravelClick, a global provider of innovative revenue generating cloud-based solutions for the $500 billion global hospitality industry. Thoma Bravo has agreed to acquire TravelClick from Genstar Capital for $930 million. The transaction is expected to close in the second quarter of 2014.
TravelClick provides innovative, cloud-based solutions for hotels around the globe that increase revenue, reduce cost, improve performance and create a strong brand. The Company's suite of products and services include: Reservations Solutions, Business Intelligence Solutions, Media Solutions, Web Solutions, and Guest Management, and are designed to integrate seamlessly with one another to comprehensively address the needs of hoteliers. TravelClick’s network of local market hotel experts, based around the world, work directly with hoteliers to deliver the right technology platforms to optimize hotel performance.
Kirkland & Ellis LLP served as legal advisor and Credit Suisse served as financial advisor to Thoma Bravo. Evercore acted as exclusive financial advisor to Genstar and TravelClick, and Ropes & Gray acted as legal advisor.
TravelClick provides innovative, cloud-based solutions for hotels around the globe that increase revenue, reduce cost, improve performance and create a strong brand. The Company's suite of products and services include: Reservations Solutions, Business Intelligence Solutions, Media Solutions, Web Solutions, and Guest Management, and are designed to integrate seamlessly with one another to comprehensively address the needs of hoteliers. TravelClick’s network of local market hotel experts, based around the world, work directly with hoteliers to deliver the right technology platforms to optimize hotel performance.
Kirkland & Ellis LLP served as legal advisor and Credit Suisse served as financial advisor to Thoma Bravo. Evercore acted as exclusive financial advisor to Genstar and TravelClick, and Ropes & Gray acted as legal advisor.