M&A Deal Summary

Travelport Acquires Worldspan

On December 7, 2006, Travelport acquired information technology company Worldspan from Ontario Teachers Pension Plan and Court Square Capital Partners for 1.4B USD

Acquisition Highlights
  • This is Travelport’s 1st transaction in the Information Technology sector.
  • This is Travelport’s largest (disclosed) transaction.
  • This is Travelport’s 1st transaction in the United States.
  • This is Travelport’s 1st transaction in Georgia.

M&A Deal Summary

Date 2006-12-07
Target Worldspan
Sector Information Technology
Buyer(s) Travelport
Sellers(s) Ontario Teachers Pension Plan
Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

Worldspan

Atlanta, Georgia, United States
Worldspan is a global provider of mission-critical electronic global distribution and information technology services to the travel industry, operating the second largest distribution system for travel in the United States.

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Buyer(S) 1

Buyer

Travelport

Langley, United Kingdom

Category Company
Founded 2006
Sector Information Technology
Employees4,000
Revenue 2.4B USD (2017)
DESCRIPTION

Travelport is a developer of a travel commerce platform to provide distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport was founded in 2006 and is based in Langley, United Kingdom.


DEAL STATS #
Overall 1 of 6
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-12 Hotelzon International Oy

Helsinki, Finland

Hotelzon is a hotel distribution technology provider for the B2B market. Hotelzon offers services for corporate business travellers, hotels and travel professionals. Headquartered in London, UK, Hotelzon has offices also in Finland, Sweden and Romania. Hotelzon has approximately 80 employees.

Buy -

Seller(S) 2

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 4 of 72
Sector (Information Technology) 1 of 8
Type (Add-on Acquisition) 4 of 29
State (Georgia) 1 of 4
Country (United States) 4 of 38
Year (2006) 3 of 3
Size (of disclosed) 8 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 Doane Pet Care

Franklin, Tennessee, United States

Doane Pet Care Company is the largest manufacturer of dry pet food in the United States. The Company manufactures products for both retail customers, including WalMart, and national branded pet food companies. Doane also manufactures and sells its own regional branded products. The Company produces a full range of pet food for both dogs and cats including dry, canned, semi-moist, soft treats and dog biscuits.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 ESSBIO

Concepción, Chile

ESSBIO provides evacuation and decontamination of sewage and industrial wastewater treatment services and it is the second-largest water utility in Chile, serving more than 3.5 million people. ESSBIO is based in Concepcion, Chile.

Buy -
SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 15 of 56
Sector (Information Technology) 1 of 8
Type (Add-on Acquisition) 11 of 25
State (Georgia) 1 of 2
Country (United States) 14 of 53
Year (2006) 3 of 3
Size (of disclosed) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Auto Europe Group

Portland, Maine, United States

Auto Europe Group is a global distributor of leisure car rental services. Auto Europe operates three primary business units: Auto Europe - North America, which brokers car rentals for outbound North American travelers to Europe under the Auto Europe and Kemwel brands; Auto Europe - Europe, which brokers car rentals for intra-Europe travelers; and DriveAway Holidays, which brokers car rentals for outbound Australian travelers to Europe. Auto Europe Group was founded in 1954 and is based in Portland, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-15 MacDermid

Denver, Colorado, United States

MacDermid is a leading global provider of proprietary specialty chemicals and technical services to a wide range of diverse end use markets including electronics, metal and plastics finishing and offshore oil and gas markets. The company competes in a wide range of attractive niche markets and typically holds a #1 or #2 market position in each of its businesses.

Buy $1.3B