Travelport Worldwide Limited, a Langley, England, UK-based travel technology company, received commitments for $500m in financing from affiliates of existing owners, Siris Capital Group, and Evergreen Coast Capital Corp., the private equity affiliate of Elliott Management Corporation, and an additional $500m of available financing capacity.
The investment allows the company to continue to invest in its technology and platform.
Led by Greg Webb, CEO, Travelport operates a travel commerce platform providing distribution, technology, travel payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel platform. Travelport has a leading position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides IT services to airlines, such as shopping, ticketing, departure control and other solutions.