Private equity firm Thoma Bravo has closed a $930 million deal for TravelClick.
TravelClick provides cloud-based software services to the hospitality industry, with clients such as Hilton Hotel & Resorts, Crown Hotels Australia and the Bryant Park Hotel. The company was sold by private equity firms Genstar Capital Management LLC and Bain Capital Ventures, which acquired TravelClick in 2007.
The deal was originally announced in March.
Thoma Bravo, headquartered in San Francisco, closed a $3.65 billion fund in early May. For more on firms raising funds in the best fundraising climate that has been seen in years, see "Capital Commitments: 5 Winning Fundraising Strategies."
In March, the firm announced that it had acquired Sohnar Ltd., a cloud-based traffic product.