Houlihan Lokey served as the exclusive financial advisor to Pegasus. Cypress LLP and Bryan Cave Leighton Paisner served as legal advisors to Pegasus. Cooley LLP served as legal advisor to TravelTripper and Goodwin Procter LLP served as legal advisor to Accel-KKR.
Travel Tripper and Pegasus, two leading hospitality technology providers, today announced that they are joining forces to deliver greater value and innovation to hotel groups worldwide. The combination is backed by a substantial investment from Accel-KKR, a leading technology-focused private equity firm.
The merger brings together two companies known for their industry-leading reservations, distribution, business intelligence, and e-commerce platforms that empower hotel groups large and small to directly own end-customer relationships and maximize bottom-line ROI.
Travel Tripper is a hotel tech provider and strategic digital partner helping hotels worldwide to optimize their direct booking channel and maximize overall revenue. Known in the industry for its constant innovation and exceptional expertise, Travel Tripper provides a comprehensive suite of solutions that empowers hotels from search to stay, including CRS and booking engine, website design and development, and e-commerce and digital marketing management.
Pegasus is a leading global technology provider empowering independent hotels, hotel groups and large chains to grow their reservations businesses in a digital world. The company provides a comprehensive offering of cloud-based Software-as-a-Service (SaaS) solutions and services designed to help hoteliers connect with their guests, increase profitability and maximize productivity. Pegasus combines its highly scalable and reliable reservations platform with representation and demand services, uniquely enabling hoteliers to sell to guests worldwide across all touch points.
Bryan Cave Leighton Paisner advised leading hospitality technology provider Pegasus with a team including Chicago Finance Partner Jason DeJonker (Picture) in the US and London Finance Partner Ben Jones in the UK, with substantial assistance from Claire Wainwright, Will Hollins, Marc Trottier and Eva Holden (UK finance), Amit Parekh and Alejandro Montenegro (US M&A and corporate finance), Tim Glasgow, Derek Rose, Richard Harbot and Grace Tan (tax advice & controversy), Serena Yee and Mark Kaye (employment), Kate Brimsted (data protection) and David Dennison (pensions).
Involved fees earner: Jason DeJonker – Bryan Cave Leighton Paisner; Eva Holden – Bryan Cave Leighton Paisner; Ben Jones – Bryan Cave Leighton Paisner; Alejandro Montenegro – Bryan Cave Leighton Paisner; Amit Parekh – Bryan Cave Leighton Paisner; Derek Rose – Bryan Cave Leighton Paisner; Marc Trottier – Bryan Cave Leighton Paisner; Claire Wainwright – Bryan Cave Leighton Paisner;
Law Firms: Bryan Cave Leighton Paisner;
Clients: Pegasus Solutions Companies;