By Pamela Barbaglia
By Pamela Barbaglia
LONDON, Nov 18 (Reuters) – U.S. buyout fund Warburg Pincus WP.UL stated on Monday that it had clinched a deal to promote its European airline companies agency Accelya to rival non-public fairness fund Vista Fairness Companions for an undisclosed quantity.
The deal, which was first reported by Reuters, permits Warburg Pincus to completely money out after backing the Barcelona-based firm for the previous two years.
The U.S. funding agency launched an public sale course of throughout the summer time to discover a new proprietor for the enterprise which serves greater than 200 airways together with British Airways, Lufthansa and EasyJet.
Warburg Pincus purchased Accelya from French non-public fairness agency Chequers Capital in 2017 and shortly tripled its revenues by merging it with Mercator, a Dubai-based journey companies group through which the U.S. buyout agency had been an investor since 2014.
Vista Companions, whose portfolio is usually targeted on software program firms, was just lately…