{"id":6689,"date":"2019-11-18T17:44:23","date_gmt":"2019-11-18T23:44:23","guid":{"rendered":"http:\/\/planesintheair.com\/?p=6689"},"modified":"2019-11-18T17:44:23","modified_gmt":"2019-11-18T23:44:23","slug":"warburg-pincus-sells-airline-services-firm-accelya-to-vista","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=6689","title":{"rendered":"Warburg Pincus Sells Airline Services Firm Accelya to Vista"},"content":{"rendered":"\n

LONDON (Reuters) – U.S. buyout fund Warburg Pincus said on Monday that it had clinched a deal to sell its European airline services firm Accelya to rival private equity fund Vista Equity Partners for an undisclosed amount. <\/p>\n\n\n\n

The deal, which was first reported by Reuters, allows Warburg Pincus to fully cash out after backing the Barcelona-based company for the past two years. <\/p>\n\n\n\n

The U.S. investment firm launched an auction process during the summer to find a new owner for the business which serves more than 200 airlines including British Airways, Lufthansa and EasyJet. <\/p>\n\n\n\n

Warburg Pincus bought Accelya from French private equity firm Chequers Capital in 2017 and quickly tripled its revenues by merging it with Mercator, a Dubai-based travel services group in which the U.S. buyout firm had been an investor since 2014. <\/p>\n\n\n\n

Vista Partners, whose portfolio is mostly focused on software companies, was recently vying to buy a majority stake in WPP\u2019s (WPP<\/a>) data analytics firm Kantar but lost it to Bain Capital.\u00a0<\/p>\n\n\n\n

Its Chief Executive Robert Smith said Accelya was \u201cat the forefront of innovation and positioned to shape the airline and travel industry for decades to come.\u201d <\/p>\n\n\n\n

Accelya employs 2,500 employees across 24 offices in 14 countries and recently signed a long-term deal as the International Air Transport Association\u2019s (IATA) technology partner. <\/p>\n\n\n\n

Bank of America (B<\/a>AC<\/a>) and Evercore advised Warburg Pincus on the deal while Vista hired Goldman Sachs (GS<\/a>) and Houlihan Lokey to work on the purchase.\u00a0<\/p>\n\n\n\n

Law firm Kirkland & Ellis and Simpson Thacher served as the legal advisors to Warburg Pincus and Vista, respectively.<\/p>\n\n\n\n

Reporting by Pamela Barbaglia; Editing by Susan Fenton<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

U.S. buyout fund Warburg Pincus said on Monday that it had clinched a deal to sell its European airline services firm Accelya to rival private equity fund Vista Equity Partners for an undisclosed amount. The deal, which was first reported by <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,4813,89,5637,5992,7929,2203,4957,5676,8004,1397,868,1103],"tags":[8394,539,420,118,625,914,8397,5297,2345,4597,160,8398,8405,887,308,3945,624,5602,2390,2234,8399,8395,655,2086,447,600,419,8410,507,2553,1180,5116,1269,1631,2052,2521,8407,8406,199,8404,8409,8408,87,137,8402,8401,412,3946,5013,1090,8393,5479,1022,4296,2096,1288,8400,2309,2522,8391,987,8411,3787,1093,8412,1691,1658,1916,631,4545,8396,8392,8403],"class_list":["post-6689","post","type-post","status-publish","format-standard","hentry","category-airline-news","category-airplane-news","category-aviation-news","category-business-news","category-economic-news","category-european-news","category-finance-news","category-global-politics","category-international-news","category-leasing-news","category-stock-news","category-transportation-news","category-travel-news","tag-accelya","tag-air","tag-airline","tag-airlines","tag-airways","tag-america","tag-amount","tag-analytics","tag-association","tag-auction","tag-aviation","tag-backing","tag-bain","tag-bank","tag-barcelona","tag-based","tag-british","tag-buyout","tag-capital","tag-cash","tag-chequers","tag-clinched","tag-company","tag-data","tag-deal","tag-dubai","tag-easyjet","tag-ellis","tag-england","tag-equity","tag-european","tag-evercore","tag-firm","tag-french","tag-fund","tag-goldman","tag-houlihan","tag-iata","tag-international","tag-kantar","tag-kirkland","tag-lokey","tag-london","tag-lufthansa","tag-mercator","tag-merging","tag-news","tag-out","tag-partner","tag-partners","tag-pincus","tag-portfolio","tag-private","tag-process","tag-purchase","tag-reuters","tag-revenues","tag-rival","tag-sachs","tag-sells","tag-services","tag-simpson","tag-software","tag-technology","tag-thacher","tag-transport","tag-transportation","tag-travel","tag-u-s","tag-undisclosed","tag-vista","tag-warburg","tag-wpp"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6689"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6689\/revisions"}],"predecessor-version":[{"id":6691,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6689\/revisions\/6691"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}