Thursday, July 13, 2006
Travelport owner Blackstone has more cash than God
Newswires are now reporting that Blackstone (new owner of Travelport) has increase their fund through a capital raising round of US$15.6bil. It goes without saying that this is a mountain of money. This makes Blackstone is the biggest private equity group there is. Interesting home for Travelport to find itself and confirms my suspicion that a break-up will be the likely outcome.