Freshfields Bruckhaus Deringer advised Spanish travel technology company Amadeus IT Group on a €1 billion loan facility agreed with Credit Agricole CIB and JP Morgan for the acquisition of TravelClick.
TravelClick offers cloud-based and data-driven IT products for the hotel industry. It serves hotel chains including the Hilton, Marriott, and Crown Hotels.
Amadeus’ acquisition of TravelClick was valued at $1.52 billion in total. The business was acquired from private equity firm Thoma Bravo.
The revenue of the newly combined entity totals more than €5 billion.