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H.I.G. buys Pegasus’ Distribution Services unit

Pegasus Solutions has sold its Distribution Services business to H.I.G. Capital. Terms of the deal, which closed Nov. 10, weren’t announced. The transaction was part of Pegasus’ sale of its Reservation Services business to Regent Equity Partners, which was completed in October. All of Pegasus has been sold, the statement said. Pegasus’ Distribution business provides information and data connectivity to nearly 100,000 hotels. Matthew Epstein of Sagent Advisors provided financial advice to Pegasus.


On November 10, 2014, Pegasus Solutions Inc. (“Pegasus”) completed the sale of its Distribution Services business (“PDS”) to an affiliate of H.I.G. Capital, LLC. The sale was executed in connection with the sale of Pegasus’ Reservation Services business (“PRS”) to an affiliate of Regent Equity Partners, completed on October 15, 2014. Both transactions resulted in the sale of the entirety of the assets of Pegasus. Terms of the transactions were not disclosed.

Pegasus Solutions’ Distribution Services

PDS provides information and data connectivity to nearly 100,000 hotels globally allowing them to distribute rates and room availability to, and receive inquiries, reservations and cancellations from, all major global travel distributors, and 1,000+ online travel agents and search providers. PDS facilitates nearly $16 billion in revenue for its clients, providing an efficient and easy to use data connection technology solution between hotels and their distribution channels.


H.I.G. Capital

H.I.G. is a leading global private equity investment firm with more than $17 billion of equity capital under management (based on total capital commitments to funds managed by H.I.G. and its affiliates) and specializes in providing capital to small and medium-sized companies with attractive growth potential (


Pegasus Solutions’ Reservation Services

PRS provides reservation technology, infrastructure and services, including integrated sales, marketing and distribution services, to hotel chains worldwide and travel distributors. PRS supports over 9.5 million reservations annually and services more than 8,000 hotels.

Regent Equity Partners

Regent Equity Partners (“Regent”) is a multi-sector private equity firm whose operating strategy is to partner with management teams to build leading companies that generate sustainably high returns on invested capital over an indefinite time horizon. The principals of Regent have invested directly or through investment vehicles in over 50 companies.

About Sagent Advisors

Sagent Advisors is a leading independent investment bank focused on providing strategic and financial advice on mergers, acquisitions, sales, divestitures and private capital solutions. Sagent’s clients include leading domestic and multi-national corporations, middle market and emerging growth companies, private equity sponsors and family-owned and entrepreneur-led businesses. Sagent has completed nearly 200 transactions exceeding $60 billion in aggregate value across a broad range of industries and transactions types.

Sagent provides broad industry and execution expertise through its three offices in the US with strategic partnerships in Asia, Europe and Latin America.

Founded in 2004, Sagent’s dedicated team of seasoned professionals is committed to the long-term success of our clients by providing original thinking, uncommon access and Pure Advice™, free of structural conflicts. To learn more visit: