Sabre to sell Hospitality Solutions unit to TPG for $1.1B

On April 27, 2025, Sabre (SABR) entered into an agreement to sell its Hospitality Solutions business for $1.1B to TPG. Expected net cash proceeds of approximately $960M will be used primarily to repay its outstanding indebtedness, enabling Sabre to strengthen its balance sheet, optimize focus on its core business, and continue its focus on long-term sustainable growth, the company said. The company expects its 2025 net leverage ratio to be approximately 5.4x net debt/Adjusted EBITDA on a pro forma basis after the completion of the transaction and pay-down of a portion of its debt.