Cleary Gottlieb represented Texas Pacific Group and Silver Lake Partners in connection with their acquisition of Sabre Holdings for approximately $5 billion. The deal was announced on December 12, 2006 and closed on March 30, 2007.
Long-time client Texas Pacific Group, founded in 1993 and based in Fort Worth, Texas, San Francisco and London, is one of the world’s leading private investment firms managing over $15 billion in assets. Silver Lake is a leading private equity firm focused exclusively on large-scale investing in technology.
Sabre Holdings is used by travel agencies worldwide to book airline tickets, rental cars, hotel reservations, and cruise/tour packages. The Sabre system is the world’s #1 computerized travel reservation system.