M&A Deal Summary

Travelport Global Distribution System BV Acquires G2 Switchworks

On April 1, 2008, Travelport Global Distribution System BV acquired internet software and services company G2 Switchworks from TPG

Acquisition Highlights
  • This is Travelport Global Distribution System BV’s 1st transaction in the Internet Software and Services sector.
  • This is Travelport Global Distribution System BV’s 1st transaction in the United States.
  • This is Travelport Global Distribution System BV’s 1st transaction in Illinois.

M&A Deal Summary

Date 2008-04-01
Target G2 Switchworks
Sector Internet Software and Services
Buyer(s) Travelport Global Distribution System BV
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

G2 Switchworks

Chicago, Illinois, United States
G2 SWITCHWORKS provides travel distribution solutions for travel agencies and suppliers in the U.S. It provides TRUEconnect, a distribution network that provides an end-to-end solution with automated suite of interfaces, such as content management, shopping, booking, payment processing, fulfillment, customer service, and reconciliation services; and G2Agent, a web-based travel reservation interface that enables travel agents to access TRUEconnect network to shop and perform travel reservation and automated servicing.

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Buyer(S) 1

Buyer

Travelport Global Distribution System BV

Hoofddorp, Netherlands

Category Company
Sector Software
DESCRIPTION

Travelport Global Distribution System B.V. develops and markets Web-based applications that provide aggregation, search, and transaction processing services to travelers and travel agencies.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

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 52 of 277
Sector: Internet Software and Services M&A 3 of 19
Type: Add-on Acquisition M&A Deals 21 of 95
State: Illinois M&A 1 of 7
Country: United States M&A 38 of 199
Year: 2008 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Become

Sunnyvale, California, United States

Become, Inc. is an online shopping site, provides search engine and comparison shopping service. It offers research information, such as buying guides, product reviews, articles, forums, and other shopping information for making buying decisions and online purchasing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 Mr. Cooper Group

Coppell, Texas, United States

Mr. Cooper Group is a provider of quality servicing, origination, and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper Group was founded in 2015 and is based in Coppell, Texas.

Buy -