Saber to sell hotel reservations for $ 1.1 billion

TPG will receive a private equity arm Sword Hospitality solutions $ 1.1 billion in cash, companies told Monday.

“These gaps will pay attention to our main airline and our travel market platforms,” ​​he said.

Beyond $ 1.1. Billion, Saber expects to buy about $ 960 million from net income after taxes and payments. Saber said he would use it to reduce the debt.

Saber Hospitality Solutions section uses central booking systems that saberin use to collect and process orders via Synxisin, hotels, hotel websites and applications in 2005.

Section, Hyatt, Wyndham Hotels, including hotels, including hotels related to Hyatrham Hotels and Resorts and the preferably hotel room, provide programs and solutions to dozens of hotel brands.

The Software-A-Service Platform allows hotels to manage room inventory and reservations from hotel sites and applications, but also through third parties such as online tourism agencies. Companies containing products with overlapping services include Amadeus, Oracle, Vertical Order CRS, SHR’s Windsurfer and Accor’s D-edge.

Sources in September last September said Saber said he was looking for a buyer for the unit of hospitality solutionsAlthough the company refuses to comment at the moment. In 2022, the Economy reported Saber had started to sell the device.

The overall improvement from Saber’s pandemic was very dependent on one of the highest margin segments, which is slow to rescue by large corporations. This made the company’s debts difficult.

By the end of December, there was $ 4.49 billion debt. He earned $ 3 billion in revenue last year.

This section should help you pay attention to the basic work to ensure sales, global distribution and passenger system services.

For the bargain, Evercore serves as a financial advisor of Saber, William Blair advises TPG. Companies will be closed until September and are subject to adjustment approval.

What do I look? Performance of travel technology in St 200. The index includes companies spreading in global markets, including both online travel orders, both B2B Travel Tech companies.

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