M&A Deal Summary

Sabre Acquires Trust International Hotel Reservation Services

On November 24, 2015, Sabre acquired information technology company Trust International Hotel Reservation Services from Battery Ventures for 154M USD

Acquisition Highlights
  • This is Sabre’s 1st transaction in the Information Technology sector.
  • This is Sabre’s 2nd largest (disclosed) transaction.
  • This is Sabre’s 1st transaction in Germany.

M&A Deal Summary

Date 2015-11-24
Target Trust International Hotel Reservation Services
Sector Information Technology
Buyer(s) Sabre
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Deal Value 154M USD

Target

Trust International Hotel Reservation Services

Frankfurt, Germany
Trust International Hotel Reservation Services GmbH is a provider of reservation technology and distribution systems for hotel companies worldwide.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sabre

Southlake, Texas, United States

Category Company
Founded 2006
Sector Software
Employees6,232
Revenue 2.9B USD (2023)
DESCRIPTION
Sabre's corporate headquarters in Southlake, Texas.
Sabre's corporate headquarters in Southlake, Texas.

Sabre is a technology software provider to the travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas.


DEAL STATS #
Overall 4 of 8
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 8
Country (Germany) 1 of 2
Year (2015) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Abacus International Pte

Singapore, Singapore

Abacus International Pte Ltd. is a real time expense reporting solution. It is the easiest way for you to reimburse your team, implement your expense policy, and reconcile corporate credit cards throughout the month. Abacus International Pte Ltd. was founded in 1988 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Airpas Aviation AG

Braunschweig, Germany

Airpas Aviation AG is a provider of real-time route profitability and cost management software solutions for the commercial airline industry.

Buy -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 35 of 64
Sector (Information Technology) 2 of 9
Type (Add-on Acquisition) 17 of 34
Country (Germany) 1 of 2
Year (2015) 5 of 5
Size (of disclosed) 16 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 cVidya Networks

Plantation, Florida, United States

cVidya Networks is a global leader and innovative provider of revenue-intelligence solutions for telecom, media and entertainment service providers.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Brightree

Duluth, Georgia, United States

Brightree LLC is a provider of cloud-based software to improve clinical and business performance in the post-acute care industry.

Sell $800M