Web Reservations International Acquired by Private Equity Firm Hellman and Friedman
Summary
Web Reservations International (WRI), a provider of technology, distribution and marketing solutions to accommodation and other travel suppliers worldwide through a network of owned sites and affiliate partners, was acquired by affiliates of private equity investment firm, Hellman and Friedman LLC.Announcing the acquisition, WRI CEO Feargal Mooney, said: “We are delighted to be partnering with Hellman & Friedman who were identified by our board as the right partner for WRI to support and accelerate our next phase of growth.This business has been built by the vision of our founders together with the collective talents of a highly driven team at WRI.Hellman & Friedman’s experience in media and marketing services as well as the technology sector will provide valued support and resources to accelerate that growth and capitalise on strategic business opportunities of which we are uniquely positioned to take advantage”.Founded in San Francisco in 1984, Hellman & Friedman has raised over $25b of committed capital and invested in over 60 companies across three principal offices in London, New York and San Francisco.