Friday, December 21, 2007

Genstar Acquires TravelCLICK

San Francisco-based private equity firm Genstar Capital said last night that it has acquired TravelCLICK, a provider of interactive distribution products for independent and chain hotels. Schaumburg, Illinois-based TravelCLICK helps hotels manage their hotel room inventory allocation on Internet, travel agency, and hotel web sites. Financial terms of the deal were not disclosed. Genstar is acquiring TravelCLICK from Bain Capital and TravelCLICK co-founders Richard Gray and Ray Cohen; according to Genstar, Bain Capital will also add a new investment in the firm for a minority equity position. Some of TravelClick's senior management team also participated.