About This Deal

Sabre Corporation acquired Conferma (Conferma Limited) for USD 65 million net cash (plus $11 million loan conversion), a transaction announced in August 2022.

Sabre exercised a call option to acquire all outstanding stock of Conferma Limited, a virtual payments technology company, taking full ownership of a pre-existing investment to expand its technology position in the travel-industry payments ecosystem.

Sabre exercised a call option to acquire all outstanding stock of Conferma Limited, a virtual payments technology company, taking full ownership of a pre-existing investment to expand its technology position in the travel-industry payments ecosystem.

Deal Terms

Acquirer
Sabre Corporation
Target
Conferma (Conferma Limited)
Value
USD 65 million net cash (plus $11 million loan conversion)
Date
August 2022
Type
Full acquisition
Status
Completed

Transaction Details

Announced
August 2022

In Their Words

In August 2022, we completed the acquisition of Conferma Limited ("Conferma"), a virtual payments technology company... for net cash of $65 million and the conversion of a pre-existing loan into share capital of $11 million.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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