Travelport, a Langley, UK-based technology company that empowers travel bookings for travel suppliers, completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570m in new equity into the company.
Travelport’s owners are now composed of existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
The company intends to use the funds to continue investing in its technology platforms.
Led by CEO Greg Webb, Travelport is a technology company that empowers bookings for travel suppliers worldwide. Buyers and sellers of travel are connected by its marketplace, Travelport+, which simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. The company operates in more than 165 countries around the world.
Moving forward, Travelport will continue to invest in its customer offerings, including accelerating new developments in Travelport+, support for a wide range of carrier NDC offerings and the further development of the Content Curation Layer, its artificial intelligence and machine learning-powered search engine that normalizes and personalizes all sources of travel content.
FinSMEs
03/01/2024