09 December 2014
Mason Hayes & Curran is advising GuestLogix Inc. on the acquisition of OpenJaw Technologies Limited, an Irish online travel technology company, for US$41.2 million plus certain adjustments.
GuestLogix is a leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry. The combination of GuestLogix and OpenJaw will create a comprehensive ancillary revenue and retailing platform supporting all travel verticals from the first point of interaction with the traveller throughout the entire customer travel life cycle.
Commenting on the transaction, Peter Nguyen, General Counsel & Corporate Secretary of GuestLogix, said, "We were delighted to have worked with MHC on this game changing transaction for GuestLogix. The team was a great fit for us as they clearly understood our requirements as an international company making its first acquisition in the Irish market. At all times they provided advice that was direct, on point and most importantly very practical.”
Martin Kelleher, a partner in Corporate, led the Mason Hayes & Curran multi-disciplinary team on this transaction.
Martin said, "We are delighted to have advised GuestLogix on this transformative transaction that is clearly significant in the development of travel technology. Our Corporate team takes pride in being able to provide international companies with expert knowledge and advice on transactions of this scale and complexity."
This transaction highlights Mason Hayes & Curran’s market-leading practice in advising on technology M&A transactions.
In the last twelve months, Mason Hayes & Curran has advised on:
- the sale of Storyful to News Corp for €18 million,
- the sale of AMT-Sybex to Capita plc for up to €127 million,
- the acquisition of FeedHenry by Red Hat, Inc. for approx. €63.5 million,
- the acquisition of Helix Health by Eli Global, and
- the sale of Bitbuzz to UPC.