William Blair Advises Newmarket on Sale to Amadeus

Monday, December 30, 2013

William Blair & Company acted as a co-advisor to Newmarket International, a portfolio company of Court Square Capital Partners, in connection with its signing of a definitive agreement with Amadeus IT Holding S.A. (AMS.MC) for $500 million. Once completed, this will represent William Blair’s 76th transaction in the software sector since 2010.

Transaction Highlights

  • Global hospitality market leader: With more than 40,000 installations serving over 22,000 properties / venues and 150,000 users in over 154 countries worldwide, Newmarket’s technologies are a cornerstone in the global hospitality industry.
     
  • Fit with William Blair’s vertical software expertise: Court Square and Newmarket’s management were attracted to our global presence in vertical software, depth of knowledge and transaction experience in the hospitality industry, and relationships with the likely strategic and financial acquirors.
     
  • Strong relationships: William Blair has previously worked closely with Court Square in varying advisory roles and developed numerous opportunities to interact with the Newmarket team. These close relationships, together with William Blair’s expertise in software and the hospitality industry, enabled us to add tremendous value to the transaction process.

About the Companies

Newmarket develops software that allows hospitality organizations of all sizes to maximize revenues and resources by enabling each to find and win new business, welcome guests, and deliver exceptional service. Newmarket has a strong track record of growth and profitability with estimated 2013 revenue of $110 million and an EBITDA margin of 31%.

Court Square is a New York-based private equity firm that currently manages approximately $6 billion of aggregate capital commitments. Court Square’s senior management team has worked together for an average of 20 years and has invested more than $4.5 billion in more than 150 transactions, which have returned $14 billion to date.

Amadeus is a leading provider of advanced technology solutions for the global travel industry. The company employs around 10,000 people worldwide and generated revenue of €2,910.3 million and EBITDA of €1,107.7 million during the 2012 calendar year. Amadeus is listed on the Spanish Stock Exchange under the symbol "AMS.MC" and is a component of the IBEX 35 index.

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