Wednesday, November 14, 2007

Travolution@PhoCusWright 07 - Don't be afraid of the big bad private equity wolf

So says Karl Peterson of Texas Pacific Group Capital, one of the biggest players in the private equity market.

[It snapped up Sabre last year]

Why should travel trust the PEs?

1) They are long term partners

2) They want to invest ahead

At Sabre, TPG has "actually increased investment", Peterson says, alongside fixing the capital structure.

So why the scepticism?

Kevin May, editor, Travolution

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