{"id":318599,"date":"2024-01-08T03:03:00","date_gmt":"2024-01-08T03:03:00","guid":{"rendered":"https:\/\/thebusinessmagazine.co.uk\/?p=318599"},"modified":"2024-01-05T12:49:04","modified_gmt":"2024-01-05T12:49:04","slug":"berkshires-travelport-secures-450m-equity-financing-in-ownership-reshuffle","status":"publish","type":"post","link":"https:\/\/thebusinessmagazine.co.uk\/technology-innovation\/berkshires-travelport-secures-450m-equity-financing-in-ownership-reshuffle\/","title":{"rendered":"Berkshire\u2019s Travelport secures \u00a3450m equity financing in ownership reshuffle"},"content":{"rendered":"\n<p>Tech firm Travelport has received a \u00a3450 million equity investment, granting the business a more robust long-term capital structure.<\/p>\n\n\n\n<p>Headquarted in Langley, Travelport powers bookings for hundreds of thousands of travel retailers across the world.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><a href=\"https:\/\/hampshirebiznews.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Visit\u00a0Hampshire\u00a0Biz News for bright, upbeat and positive business news from the county<\/strong><\/a><\/p>\n\n\n\n<p>It follows a $4.4 billion private takeover in 2018 by Siris Capital and Evergreen Coast Capital.<\/p>\n\n\n\n<p>CEO Greg Webb said: \u201cThe completion of Travelport\u2019s financing transaction represents the strong belief our investors have in our competitive position and potential for long term growth.<\/p>\n\n\n\n<p>\u201cOur new financing allows us to continue to innovate, enhance and deliver the best-in-class technology our partners have come to expect from us.<\/p>\n\n\n\n<p>\u201cThis investment will further fuel our momentum, setting up the company for increased speed, agility and innovation in 2024.\u201d<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/thebusinessmagazine.co.uk\/property\/oxford-technology-park-set-to-welcome-new-leasing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more - Oxford Technology Park set to welcome new leasing<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech firm Travelport has received a \u00a3450 million equity investment, granting the business a more robust long-term capital structure. Headquarted [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":318602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,11],"tags":[115,49666],"taxonomy":[37431],"listing_catagory":[],"acf":[],"category_names":["Finance","Technology &amp; Innovation"],"_links":{"self":[{"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/posts\/318599"}],"collection":[{"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/comments?post=318599"}],"version-history":[{"count":0,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/posts\/318599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/media\/318602"}],"wp:attachment":[{"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/media?parent=318599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/categories?post=318599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/tags?post=318599"},{"taxonomy":"taxonomy","embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/taxonomy?post=318599"},{"taxonomy":"listing_catagory","embeddable":true,"href":"https:\/\/thebusinessmagazine.co.uk\/wp-json\/wp\/v2\/listing_catagory?post=318599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}