Thoma Bravo to acquire TravelClick for $930M

Thoma Bravo, a leading private equity investment firm, entered into an agreement to acquire TravelClick, a global provider of 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 cloud-based solutions for hotels around the globe that increase revenue, reduce cost and improve performance. 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 with one another to 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.

“TravelClick has experienced phenomenal growth over the last several years, and we look forward to working closely with the Thoma Bravo team to help facilitate our continued trajectory,” said Larry Kutscher, CEO of TravelClick. “We have been focused on providing our customers with the best in technology services, data analytics and customer support, and are confident this partnership will only increase our ability to serve our 37,000 hotel clients around the world.  Empowering hotels from large brands and chains to individual properties to better manage their inventory and to drive bookings is at the core of our business."

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Kirkland & Ellis 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.

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