Siris and Evergreen Join to Takeover Travelport

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travelport CEO Jeff Rutlege

Travelport Worldwide Limited (NYSE: TVPT) announced on December 10 that it has entered into a definitive agreement to be acquired by Siris Capital Group and Evergreen Coast Capital Corp. in a transaction worth approximately $4.4 billion. All outstanding common shares of Travelport will be purchased by Siris and Evergreen for $15.75 in cash per share. Travelport’s Board of Directors has unanimously approved this transaction.

Chairman of the Board of Directors of Travelport, Doug Steenland, said, “This is a good outcome for Travelport’s shareholders. Assisted by external advisers, the Board concluded unanimously, after taking into account the ongoing development needs of the business, that entering into this agreement represents the best way to maximize value for shareholders. It also enables the company to continue its work to position itself for growth in the evolving global travel industry.” Morgan Stanley & Co. LLC and UBS Securities LLC are Travelport’s financial advisors with legal counsel being provided by Kirkland & Ellis LLP. Deutsche Bank Securities Inc., Macquarie Capital, Barclays, and LionTree are serving as financial advisors to Siris with legal counsel from Wachtell, Lipton, Rosen & Katz and Sidley Austin LLP. Evergreen is receiving legal counsel from Gibson, Dunn & Crutcher LLP.

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