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Sabre Enters Into Agreement to Sell its Hospitality Solutions Business Unit to TPG
SOUTHLAKE, Texas—Sabre Corporation and TPG, a global alternative asset management firm, announced the signing of a definitive agreement under which TPG has agreed to acquire Sabre’s Hospitality Solutions business for $1.1 billion. TPG will invest in Hospitality Solutions through TPG Capital, the firm’s U.S. and European private equity platform. The transaction will establish Hospitality Solutions as a standalone business, providing resources for growth and continued expansion as a technology platform for hotels globally. Hospitality Solutions provides software […] The post Sabre Enters Into Agreement to Sell its Hospitality Solutions Business Unit to TPG appeared first on LODGING Magazine.
SOUTHLAKE, Texas—Sabre Corporation and TPG, a global alternative asset management firm, announced the signing of a definitive agreement under which TPG has agreed to acquire Sabre’s Hospitality Solutions business for $1.1 billion. TPG will invest in Hospitality Solutions through TPG Capital, the firm’s U.S. and European private equity platform. The transaction will establish Hospitality Solutions as a standalone business, providing resources for growth and continued expansion as a technology platform for hotels globally. Hospitality Solutions provides software […]
The post Sabre Enters Into Agreement to Sell its Hospitality Solutions Business Unit to TPG appeared first on LODGING Magazine.
