Berkshire’s Travelport secures £450m equity financing in ownership reshuffle

Published by

Daniel Face

Tech firm Travelport has received a £450 million equity investment, granting the business a more robust long-term capital structure.

Headquarted in Langley, Travelport powers bookings for hundreds of thousands of travel retailers across the world.

This latest move puts the business under the ownership of Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners and Siris Capital, among other equity and credit investors.

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It follows a $4.4 billion private takeover in 2018 by Siris Capital and Evergreen Coast Capital.

CEO Greg Webb said: “The completion of Travelport’s financing transaction represents the strong belief our investors have in our competitive position and potential for long term growth.

“Our new financing allows us to continue to innovate, enhance and deliver the best-in-class technology our partners have come to expect from us.

“This investment will further fuel our momentum, setting up the company for increased speed, agility and innovation in 2024.”

Moving forward, the firm plans to roll out new developments on the Travelport+ retail platform, as well as build upon its Content Curation Layer, an AI-powered search engine to normalise and personalise sources of travel content.

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.