M&A Deal Summary

777 Partners Acquires AeroCRS

On May 5, 2022, private equity firm 777 Partners acquired information technology company AeroCRS

Acquisition Highlights
  • This is 777 Partners’ 4th transaction in the Information Technology sector.
  • This is 777 Partners’ 1st transaction in Israel.
Investment Fate
  • AeroCRS was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2022-05-05
Target AeroCRS
Sector Information Technology
Buyer(s) 777 Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AeroCRS

Tel Aviv, Israel
AeroCRS provides technology services and distribution connectivity to more than 90 travel companies worldwide. The technology solutions include inventory management, yield & revenue management, fares & classes management, open API, B2C & B2B platform, fares branding, FFP, BI platform, reporting center, and many more technology services. AeroCRS was founded in 2006 and is based in Tel Aviv, Israel.

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Buyer(S) 1

DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.


DEAL STATS #
Overall 43 of 46
Sector: Information Technology M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 36
Country: Israel M&A 1 of 1
Year: 2022 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 WorldTicket

Copenhagen, Denmark

WorldTicket is a provider of Passenger Service Solutions (PSS) to airlines of all business models. The company developed innovative and flexible airline IT solutions and is currently servicing more than 75 airlines worldwide. WorldTicket was founded in 2002 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 United Star Software

Dublin, Ireland

United Star Software is an aggregator of regional software development groups in Central & Eastern Europe. United Star Software was founded in 2022 and is based in Dublin, Ireland.

Buy -