Sabre sells business unit to TPG for $1.1 billion

Sabre sells business unit to TPG for $1.1 billion

Southlake-based travel software giant Sabre Corp. announced on April 28 it will sell one of its business units to Fort Worth-based private equity giant TPG in a move to reduce its debt. Read on to learn more about the deal.

Sabre sells off hospitality tech unit for $1.1B

The travel tech firm’s Hospitality Solutions business will now be a standalone company owned by asset management firm TPG.

Sabre to cut debt with $1.1 billion sale of hospitality software to TPG, shares jump

By Aatreyee Dasgupta (Reuters) -Sabre Corp said on Monday it will sell its hospitality software platform to asset manager TPG for $1.1 billion and use the cash to pare its debt, lifting the travel technology provider’s shares nearly 26% in early trading. The stock is now up 13.5%. The company had a market capitalization of $845 million as of last close, according to data compiled by LSEG. In contrast, its total debt stood at about $4.5 billion, …

Sabre enters into definitive agreement to sell its Hospitality Solutions business unit to TPG for $1.1 billion

Transaction Enables Sabre to Pay Down Debt, Optimize Portfolio, and Continue Its Focus on Sustainable Growth

Sabre To Sell Its Hospitality Tech Business to TPG for $1.1 Billion

Dallas Innovates, Every Day: Here's what's new + next in North Texas. Southlake-based travel tech giant Sabre (Nasdaq: SABR) and TPG, a leading private equity firm headquartered in Fort Worth and San Francisco, have inked a 10-figure deal that will impact hotels around the globe. TPG (Nasdaq: TPG) is acquiring Sabre’s Hospitality Solutions business for $1.1 billion in cash, funding the deal via TPG Capital, the firm’s U.S.…The post Sabre To Sell…

TPG strikes $1.1bn deal for Sabre’s hospitality software unit

Private equity giant TPG has agreed to acquire Sabre Corporation’s hospitality software business, SynXis, for $1.1 billion, in a move that will see the travel technology group significantly reduce its debt burden, according to a report by Reuters. The investment will be made through TPG’s US and European private equity platforms, with the transaction expected to close by the end of Q3 2025, subject to regulatory approvals. SynXis provides integr…