M&A Deal Summary |
|
|---|---|
| Date | 2020-01-24 |
| Target | eNett International Pte. |
| Sector | Internet Software and Services |
| Buyer(s) | WEX |
| Sellers(s) | Travelport |
| Deal Type | Divestiture |
| Advisor(s) | Credit Suisse Investment Banking LionTree (Financial) Wachtell, Lipton, Rosen & Katz (Legal) |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 6,500 |
| Revenue | 2.6B USD (2024) |
WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 19 |
| Sector: Internet Software and Services M&A | 3 of 4 |
| Type: Divestiture M&A Deals | 3 of 4 |
| Country: Singapore M&A | 1 of 1 |
| Year: 2020 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-24 |
Optal
Melbourne, Australia Optal Ltd. is specialized in optimizing B2B transactions. Optal is based in Melbourne, Australia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-11 |
HealthcareBank - HSA Assets
Fargo, North Dakota, United States HealthcareBank's HSA Assets provides HSA solutions (health savings account). HealthcareBank's HSA Assets is based in Fargo, North Dakota. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Information Technology |
| Employees | 4,000 |
| Revenue | 2.4B USD (2017) |
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 1 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Singapore M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-07 |
TraviAustria
Wien, Austria TraviAustria GmbH is a provider of online booking platform services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-10 |
Deem
Oakland, California, United States Deem is an innovative managed-travel technology platform that includes Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel management companies and suppliers. Deem was founded in 1999 and is based in Oakland, California. |
Buy | - |
