Hotel bookings software company TravelClick up for sale –sources
Genstar Capital LLC is exploring a sale of TravelClick Inc, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million, according to four people familiar with the matter.
San Francisco-based private equity firm Genstar has asked Evercore Partners Inc to run an auction
The sources asked not be identified because the sale process is confidential. Genstar declined to comment while spokespeople for TravelClick and Evercore had no immediate comment.
Founded in 1999, New York City-based TravelClick provides technology for guest reservations and website development to more than 36,000 hotel clients in over 160 countries, according to its website. The company generated revenues of $257 million in 2012, according to Moody's Investors Service Inc.
Read full story at: http://www.reuters.com/article/2014/01/27/travelclick-sale-idUSL2N0L11HU20140127