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Thoma Bravo Completes $930M Acquisition of TravelClick

Monday May 12th, 2014 - 9:01AM

SAN FRANCISCO—Private equity investment firm Thoma Bravo, LLC, completed its $930 million acquisition ofTravelClick, a global provider of cloud-based revenue-generating solutions for the hospitality industry.

Genstar Capital Management, LLC, was the seller. Genstar and Bain Capital Ventures acquired TravelClick in 2007. 

Holden Spaht, managing partner at Thoma Bravo, noted, “With a strong base of recurring revenue, a leadership position in a fragmented vertical market and a great management team, TravelClick represents an excellent fit with Thoma Bravo’s buy-and-build investment strategy.”

Larry Kutscher, CEO of TravelClick, staed, “Thoma Bravo has a strong track record of partnering with its portfolio companies’ management to execute aggressive growth strategies, and we look forward to working closely with the Thoma Bravo team as we continue to serve our hotel clients and build on our leadership position as the largest provider of revenue-generating technology to the hotel industry.”

TravelClick provides cloud-based solutions for hotels worldwide, with products designed to integrate seamlessly with one another to address the needs of hoteliers. TravelClick’s teams work directly with hoteliers to deliver technology platforms to optimize hotel performance.

Jean-Pierre L. Conte, chairman/managing director of Genstar Capital, said, “Genstar launched its software industry focus seven years ago and closing this sale is a strong validation of our strategy of driving improvements in vertical market leaders. Larry and his team have delivered outstanding results and we'd like to thank them for their leadership.”

“TravelClick's software and demand generation tools offer a very tangible ROI to its hospitality customers across 38,000 properties,” added A.J. Rohde, principal at Thoma Bravo. “As the industry continues to evolve and increase in complexity, these tools are becoming even more critical. As new partners, we are eager to support strong investment in each of these areas to enable customers to navigate and grow.”