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Investment Summary

TPG Invests In Hotwire

On January 1, 2000, private equity firm TPG invested in internet software and services company Hotwire

Investment Highlights
  • This is TPG’s 1st transaction in the Internet Software and Services sector.
  • This is TPG’s 14th transaction in the United States.
  • This is TPG’s 4th transaction in California.
Investment Fate
  • Hotwire was sold to a publicly-traded strategic buyer in 2003 for 685M USD.
  • Hotwire was divested to a consortium of strategic buyers in 2005.
  • Hotwire was divested to a consortium of strategic buyers in 2022.

Investment Summary
Date 2000-01-01
Target Hotwire
Sector Internet Software and Services
Investor(s) TPG
Deal Type Venture

Target

Hotwire

San Francisco, California, United States
Hotwire is a discount travel website that offers low-prices on airfare, hotel, rental car, and vacation packages by selling off unsold travel inventory at a discounted price. Hotwire was founded in 1999 and is based in San Francisco, California.

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Investor(S) 1

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 18 of 453
Sector: Internet Software and Services M&A 1 of 34
Type: Venture M&A Deals 2 of 93
State: California M&A 4 of 88
Country: United States M&A 14 of 299
Year: 2000 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Oxford Health Plans

Trumbull, Connecticut, United States

Oxford Health Plans, Inc. provides health plans to employers and individuals primarily in New York, New Jersey and Connecticut, through its direct sales force, independent insurance agents and brokers. Oxford's commercial insured products and services include traditional health maintenance organizations, preferred and exclusive provider organizations, point-of-service plans and consumer-directed health plans. The Company also offers Medicare plans and third-party administration of employer-funded benefits plans.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-06 GoIndustry DoveBid

London, United Kingdom

GoIndustry DoveBid, plc is a global provider of surplus asset management, auction and valuation services.

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