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  6. Cendant Exits GTA Travel

Investment Summary

Cendant Exits GTA Travel

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

Investment Highlights
  • 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.

Investment Summary
Date 2011-03-18
Target GTA Travel
Sector Consumer Services
Sellers(s) Cendant
Deal Type Divestiture
Deal Value 720M

Target

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(S) 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 STATS #
Overall 8 of 8
Sector: Consumer Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2011 M&A 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.

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