Warburg Pincus put software analytics company Accelya on the block, people familiar with the company told Buyouts.
Marketing materials for the company have been sent out and the deal could value the company up to $1.5 billion, the people said.
Evercore is advising the company on its sale, they said.
In August, Bank of America was said to be advising Accelya on the sale process, Reuters reported at the time. The bank did not return multiple requests for comment.
Accelya, based in Barcelona, Spain, is a software analytics company for travel and transportation industries. The company works with more than 200 airlines, including British Airways, jetBlue, Finnair, Ryanair and Air Canada.
Accelya provides financial, cargo, commercial and industry services, including revenue accounting, billing and cost management, warehouse and logistics management, to travel and transportation providers.
The company generated $175 million in annual revenue and $85 million in Ebitda, the sources said.
Warburg Pincus invested in Accelya in 2017 and later merged it with its portfolio company Mercator, a Dubai-based travel services group.
The PE firm has been active over the past few months.
Earlier this month, Warburg Pincus was said to be selling RS Energy Group, a provider of analytics and data-driven energy intelligence, Buyouts reported.
The firm also acquired a pet health insurance company PetPlan, according to a recent announcement.
Warburg Pincus, based in New York, manages more than $65 billion in assets and invests across various sectors, including healthcare, technology, media and telecommunications (TMT), financial services, energy and industrial and business services.
Warburg Pincus declined to comment. Accelya and Evercore did not return Buyouts’ request for comment.
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