Private equity giant TPG has agreed to acquire Sabre Corporation’s hospitality software business, SynXis, for $1.1 billion, in a move that will see the travel technology group significantly reduce its debt burden, according to a report by Reuters.
The investment will be made through TPG’s US and European private equity platforms, with the transaction expected to close by the end of Q3 2025, subject to regulatory approvals.
SynXis provides integrated reservation and guest information systems to the hospitality industry and counts major hotel brands among its clients. The platform’s acquisition offers TPG an opportunity to capitalise on the ongoing digital transformation within the hospitality sector, while providing a strong recurring revenue base amid market uncertainty.
For Sabre, the sale is a strategic step aimed at sharpening its focus on its core airline IT and travel marketplace platforms. The travel tech firm, which had a market cap of $845m at last close but carried $4.5bn in net debt at the end of December, plans to use the proceeds to strengthen its balance sheet.
“This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms,” said Kurt Ekert, CEO of Sabre.
The transaction follows months of speculation after reports surfaced that Sabre was exploring a sale of SynXis to reduce leverage. The company has already undertaken several refinancing and debt repayment initiatives over the past year.
