Sale to Sabre Corporation
Baird served as exclusive financial advisor to Radixx International, Inc.
AboutRadixx International, Inc. (“Radixx”), a portfolio company of TA Associates Management, L.P. (“TA Associates”), was recently acquired by Sabre Corporation (“Sabre”) (NASDAQ-GS:SABR). Sabre purchased Radixx for approximately $110 million, including payments to debtholders, using cash on hand.
Radixx is a leading airline retailing software provider with an established presence in the low-cost carrier (LCC) space. Started in 1993, Radixx was built to leverage the technology industry’s rapid advances with a focus on cloud-based airline solutions that can be deployed quickly. An established technology provider to low cost and retail-focused carriers, Radixx supports all airline business models with its industry leading travel e-commerce platform and boasts a high-quality and diverse customer base in key low cost carrier markets, including Europe, South America, Asia Pacific and Africa. Radixx is headquartered in Orlando, Florida.
TA Associates is one of the largest and most experienced global growth private equity firms. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates invests as a majority or minority investor in profitable, growing companies in the business services, consumer, financial services, healthcare and technology industries. TA is headquartered in Boston, Massachusetts.
Sabre is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than $120 billion of global travel spend annually by connecting travel buyers and suppliers. Sabre serves customers in more than 160 countries around the world. Sabre is headquartered in Southlake, Texas.
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- October 2019
- Radixx International, Inc.
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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