Sabre to Go Private in $5 Billion Deal

Private equity firms Silver Lake Partners and Texas Pacific Group agreed to pay $5 billion to acquire Sabre Holdings and take the publicly traded company private, according to Travel Weekly. The deal could close early in the second quarter of 2007 pending regulatory and shareholder approvals, officials said. It is not contingent on the buyers obtaining additional financing. Sabre Holdings, which runs its GDS business through the Sabre Travel Network, also operates Travelocity and Sabre Airline Solutions. The company would still have to make some public disclosures about financials because certain long-term debt would remain outstanding, Travel Weekly reports. The company stated that the $5 billion deal at $32.75 per share gives stockholders a 30-percent premium over the average closing price of its stock for the prior 60 trading days ending Dec. 8. However, the $32.75 per share deal represents just a 15.6-percent premium over the stock's closing price of $28.32 on Dec. 8. Texas Pacific Group, with $30 billion in assets, has experience in the travel industry with prior investments in America West, Continental and Hotwire. Silver Lake Partners specializes in investments in technology companies.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>