Subscribe
Login
Online Travel

Travelport Receives $500 Million in Fresh Financing From Private Equity

Sean O'Neill photo
Sean O'Neill
greg webb travelport ceo source travelport

Photo Credit: Travelport CEO Greg Webb. The company said Friday it had received commitments for $500 million in financing from its private equity owners Siris Capital and Evergreen Coast Capital.  Travelport / Travelport

Skift Take

The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute.

Travelport said Friday it had received commitments for $500 million in financing from its private equity owners Siris Capital and the private equity affiliate of Elliott Management, Evergreen Coast Capital. The UK-based travel technology company has received a line of funding it could tap of up to an additional $500 million. The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic. "With the support of our investment partners, w

Online Travel coverage is exclusive for Skift Pro subscribers.

Subscribe for full access to all Skift coverage for as low as $50 a month.
See the latest online travel headlines.

Apple Pay, Google Pay, Paypal, VISA, Mastercard, Discover, American Express

Already a subscriber? Login