TPG and Silver Lake Partners in Acquisition of Sabre Holdings

March 30, 2007

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.