Divestiture • Consumer Services

Cendant Exits GTA Travel

On March 18, 2011, invested in consumer services company GTA Travel from Cendant for 720M

Investment Context

This is transaction in the Consumer Services sector.
This is largest (disclosed) transaction.
This is transaction in the United States.
This is transaction in California.

Investment Fate

GTA Travel was divested to a consortium of strategic buyers in 2017.

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Investment Summary
Date	March 18, 2011
Target	GTA Travel
Sector	Consumer Services
Sellers(s)	Cendant
Deal Type	Divestiture
Deal Value	720M

Target Company

GTA Travel

Los Angeles, California, United States

GTA Travel provides travel services. The Company offers hotel accommodation, ground travel products, and related services to the travel trade.

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Seller Profile 1

SELLER

Cendant

New York, New York, United States

Category	Company
Founded	1998
Sector	Consumer Services

DESCRIPTION

Cendant Corp. was a collection of business and consumer services companies. Cendant was formed in 1998 between the merger of Hospitality Franchise Systems and CUC International.

Deal Context for Seller	#
Overall	8 of 8
Sector: Consumer Services	2 of 2
Type: Divestiture	1 of 1
State: California	1 of 1
Country: United States	5 of 5
Year: 2011	2 of 2
Size (of disclosed)	4 of 5

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2011-01-01	Jackson Hewitt Tax Service Jersey City, New Jersey, United States Jackson Hewitt Tax Service is a tax and accounting service that provides clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt Tax Service was formed in 1985 and is based in Jersey City, New Jersey.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2011-01-01

Jackson Hewitt Tax Service

Jersey City, New Jersey, United States

Jackson Hewitt Tax Service is a tax and accounting service that provides clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt Tax Service was formed in 1985 and is based in Jersey City, New Jersey.

Sell

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