Sabre Corporation (SABR, Financial) has entered into a definitive agreement with TPG regarding the acquisition of its Hospitality Solutions division for $1.1 billion in cash. TPG will make this investment through its TPG Capital platform, focusing on U.S. and European private equity.
As part of the acquisition, Sabre and TPG also intend to establish a transition services agreement. This arrangement will see Sabre providing certain services post-closure to ensure a smooth handover of the Hospitality Solutions business.
The deal has gained the approval of Sabre's Board of Directors. It is projected to finalize by the close of the third quarter of 2025, pending standard regulatory approvals and customary closing conditions. Notably, the completion of this transaction does not hinge on obtaining financing.
