Market Overview

Amadeus Accelerates Expansion in Hospitality Sector With $1.52bn Agreement to Acquire TravelClick


Deal will significantly expand Amadeus' presence in the hospitality

Addition of TravelClick's cloud-based solutions for mid-chain and
independent hotels will enable Amadeus to reach all segments of the
market with an enhanced portfolio.

Amadeus has agreed to acquire TravelClick from Thoma Bravo, a leading
private equity investment firm, for USD $1.52bn.

TravelClick, which is headquartered in New York City, is a leading
global hospitality provider that serves more than 25,000 customers
across 176 countries. It provides innovative cloud-based solutions,
including an independent and mid-size hotel Central Reservation System
(CRS) and Guest Management Solution (GMS), as well as business
intelligence and media solutions. This portfolio gives hotels
distribution reach across all channels, both digital and traditional. It
also allows them to improve digital interaction with guests, increase
revenues and performance, reduce cost and create a strong brand.

The addition of TravelClick's solutions to the Amadeus portfolio will
create a hospitality leader providing a broad range of innovative
technology to hotels and chains of all sizes across the globe.

"TravelClick has a great team, great technology and a broad customer
base, and we are looking forward to welcoming such a successful business
into Amadeus," said Luis Maroto, President and CEO of Amadeus.
"Our ambition is to provide the hospitality industry with the tools they
need to grow their businesses and deliver a great experience to their
guests. The combination of our two portfolios will allow us to provide
that to hotels of all shapes and sizes across the world."

"This deal marks the next stage in TravelClick's incredible journey of
success in delivering groundbreaking solutions for hoteliers," said Larry
Kutscher, CEO of TravelClick
. "I couldn't be more proud of our team
or more excited about the impact our combined companies will have on the
hospitality industry as we begin to deliver the next generation of
innovation for hoteliers."

"This is a huge step forward for Amadeus in hospitality," said
Francisco Perez-Lozao, senior vice president Strategic Growth Businesses
at Amadeus.
"While we have already made strong progress with the
large chains, TravelClick gives us access to the mid-chain and
independent hotel segment that makes up almost three-quarters of the
market. We can now serve the entire industry with a very broad portfolio
of solutions and we are looking for significant growth in the years

"TravelClick is an excellent example of Thoma Bravo's proven investment
approach of acquiring a best in class vertical market software company
and working alongside talented leadership to implement operational best
practices and drive growth both organically and through M&A," said
Holden Spaht, a managing partner at Thoma Bravo
. "We appreciate the
outstanding execution of Larry Kutscher and the management team at
TravelClick, and believe the company is well positioned to
continue delivering innovative software, data analytics and marketing
services that maximize revenue for hotels around the world."

As part of the acquisition, approximately 1,100 TravelClick employees
are expected to join Amadeus.

Amadeus and Thoma Bravo expect to close the acquisition in the fourth
quarter of the calendar year 2018, following regulatory approvals. The
transaction will be debt-financed and immediately earnings accretive.

Notes to the editors

About Amadeus

Amadeus is a leading provider of advanced technology solutions for the
global travel industry. Customer groups include travel providers (e.g.
airlines, hotels, rail and ferry operators, etc.), travel sellers
(travel agencies and websites), and travel buyers (corporations and
travel management companies).

The Amadeus group employs around 16,000 people worldwide, across central
sites in Madrid (corporate headquarters), Nice (development) and Erding
(operations), as well as 70 local Amadeus Commercial Organizations

The group operates a transaction-based business model.

Amadeus is listed on the Spanish Stock Exchange under the symbol
"AMS.MC" and is a component of the IBEX 35 index.

To find out more about Amadeus please visit,
for more on the travel industry.

About TravelClick

TravelClick offers
innovative, cloud-based and data-driven solutions for hotels around the
globe to maximize revenue. TravelClick enables over 25,000 customers to
drive better business decisions and know, acquire, convert and retain
guests. The Company's interconnected suite of solutions includes
Business Intelligence, Reservations & Booking Engine, Media, Web & Video
and Guest Management. As a trusted hotel partner with more than 30 years
of industry experience, TravelClick operates in 176 countries, with
local experts in 39 countries and 14 offices in New York, Atlanta,
Barcelona, Bucharest, Chicago, Dallas, Dubai, Hong Kong, Melbourne,
Orlando, Ottawa, Paris, Shanghai and Singapore. The Company also
provides its hotel customers with access to a global network of over 600
travel-focused partners. Follow TravelClick on FacebookTwitter
and LinkedIn.

About Thoma Bravo

is a leading private equity firm focused on the software and
technology-enabled services sectors. With a series of funds representing
more than $24 billion in capital commitments, Thoma Bravo partners with
a company's management team to implement operating best practices,
invest in growth initiatives and make accretive acquisitions intended to
accelerate revenue and earnings, with the goal of increasing the value
of the business. Representative past and present portfolio companies
include Datatel, Digital Insight, Entrust, SonicWall, SailPoint, Hyland
Software, Deltek, Blue Coat Systems, Bomgar, Barracuda Networks,
Compuware and SolarWinds. The firm has offices in San Francisco and
Chicago. For more information, visit

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