Travelport owners invest $200 million in company to fuel growth

The owners of Travelport, Siris Capital Group and Elliott Management, have made a $200 million investment in the company to fuel growth.

The investment, combined with a recent restructuring of debt, “provides Travelport with significant liquidity,” the company said in a release.

Travelport CEO Greg Webb further said the investment signifies confidence in the company and the travel industry’s recovery.

“The main advantage of private equity ownership is agility, which is crucial in a rapidly changing environment,” Webb said in a release. “This investment will allow Travelport to further advance its tech innovations, while fueling the company’s momentum.”

Travelport, previously a publicly traded company, went private in 2019 in a $4.4 billion deal.

Earlier this month, Travelport acquired corporate travel platform Deem, introduced a new retailing experience for agencies in Smartpoint Cloud and went live with American Airlines’ NDC content across its portfolio.

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