Articles tagged “private equity”

If you're a French travel company right now, you very much want to be on Montefiore's radar, a $2.74 billion fund that's become a kingmaker through the Nov Tourisme fund.

Private equity firm HIG Capital has taken a majority stake in Enseo, a provider of digital in-room entertainment tech for hotels. Enseo plans to grow through acquisition. The deal is a validation of founder and CEO Vanessa Ogle's bold pivot of the tech vendor.

Sabre wins from the sale of tech vendor Airpas because it represents more progress in a multi-year streamlining of its portfolio. The airline industry might also win if Airpas's new merger with another tech company represents a wave of better cost management tools.

Blackstone and Starwood Capital's extra $180 million sweetens the pot for the planned Extended Stay America takeover, but this is no done deal. There is still a very loud opposing group of shareholders that could sway the vote this week.

The online travel industry focuses on every move or utterance from Airbnb and its CEO Brian Chesky. Not that Booking Holdings is an after-thought these days, but before Airbnb there was Priceline, Booking.com, and the Group's boss, Jeffery Boyd. Building blocks, certainly.

Despite the inroads ridesharing companies, such as Uber and Lyft, have made against the car rental giants, Hertz's re-emergence from bankruptcy is now triggering a bidding war. Ridesharing and car rentals often have different use cases, but it's never too late for legacy players to mimic, partner, and otherwise adapt.

This deal cements Vacasa status as the largest full-service property manager for whole-home vacation rentals in the U.S. That makes it a rare pure-play bet on alternative accommodations for its private equity backers, which have prompted Vacasa to consolidate more of the sector.

This investment in Intrepid caps intense interest from private equity investors in the multi-day tour operator sector over the last few years, and the expected post-pandemic travel boom will likely see many more such deals happen.

At a time when a travel operator like Expedia Group is shedding brands to become more focused, private equity firm Certares is investing in a broad array of travel assets. Divergent strategies for two very different companies. Certares' goal is likely to wrangle synergies while making a ton of money.

It will certainly be a challenge to transform Hertz's business. However, the car rental company is not only getting a financial lifeline, but also an assist from private equity firm Certares' wide-ranging travel rollup strategy. This will be a long-term play.