Sabre Corporation acquired Conferma (Conferma Limited) for USD 65 million net cash (plus $11 million loan conversion), a transaction announced in August 2022.
Sabre exercised a call option to acquire all outstanding stock of Conferma Limited, a virtual payments technology company, taking full ownership of a pre-existing investment to expand its technology position in the travel-industry payments ecosystem.
Sabre exercised a call option to acquire all outstanding stock of Conferma Limited, a virtual payments technology company, taking full ownership of a pre-existing investment to expand its technology position in the travel-industry payments ecosystem.
In August 2022, we completed the acquisition of Conferma Limited ("Conferma"), a virtual payments technology company... for net cash of $65 million and the conversion of a pre-existing loan into share capital of $11 million.
Advisory firms were not disclosed for this transaction.