Travelport has officially ended its almost five-year stint on the public markets and is now back in the hands of private equity ownership.
The $4.4 billion sale takes it off the New York Stock Exchange and under the auspices of Siris Capital Group and Evergreen Capital.
The all-cash deal was first announced in December 2018 and has been under scrutiny by both shareholders and regulators.
The transaction hit a stumbling block of sorts during April when Travelport confirmed that Russian authorities were still to give the deal thumbs-up.
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Shareholders gave their approval in March.
Travelport's last financial earnings statement to the public markets gave a downbeat assessment of the first quarter in 2019.
After ending 2018 with over $2.5 billion in annual revenue for the first time in its history (up 4% on the previous year), net revenue during the first quarter of 2019 fell by 3% to $657 million year-over-year.
Income over the same period fell to $20 million from $59 million over the same period.
The company's figures were hit by a decline in revenue from its distribution division, with Europe and the U.S. bearing the brunt of the losses.
Revenues from the Travel Commerce Platform took in $633 million in Q1 (down from $653 million in Q1 2018).
Growth in its Beyond Air revenues was flat ($180 million) but the continued star of the organization, its eNett payments division, posted a 12% increase to $83 million.
The new ownership structure will see John Swainson, an executive partner at Siris and current directr at Visa, installed as executive chairman of the business.
President and CEO, Gordon Wilson, says: "We have commenced building a great relationship with the Siris and Evergreen teams.
"We now look forward to working closely alongside them as we continue to develop and invest in our platform to serve the evolving needs of our customers.
"We are confident that Siris’ and Evergreen’s support will enable Travelport to execute on its strategy in an exciting new phase of innovation and industry leadership."