 |
| Back to News |
November 17, 2004
Travel Holdings, Inc. Closes Debt Financing Deal
Orlando, November 2004 - Travel Holdings Inc. has closed a $15 million Series A Convertible Debt financing. The round was led by Pharos Capital Group, with co-investors including Massey Burch, BEV Capital, Everest Capital, New Media Holding Company and Libra Securities.
In conjunction with the financing, Michael Devlin of Pharos Capital Group, Lucius Burch of Massey Burch, and [XXX] of BEV Capital have agreed to join the Company’s Board of Directors.
The Company intends to use the proceeds of the offering to increase its supply of hotel room inventory and commitments, expand its corporate travel services, fund its working capital needs and for other general corporate purposes.
About Travel Holdings, Inc.
Based in Orlando, FL, Travel Holdings, Inc. is a leading travel services wholesaler that primarily supplies travel products to agents, online travel distribution companies and foreign tour operators. The company maintains an extensive array of negotiated rates with both hotel and air providers, allowing it to sell travel products at significant discounts. In addition to being one of the largest inbound tour operators in North America, Travel Holdings also provides private label websites for international tour operators and wholesalers, a b2b website for U.S. retail travel agents and a variety of consumer websites, including a market-leading consumer travel website, LastMinuteTravel.com, with over 2.5 million registered users.
About Pharos Capital Group
Based in Dallas and Nashville, Pharos Capital Group currently has over $350 million in capital under management. Pharos primarily invests $5 to $15 million in companies seeking later stage equity funding for internal growth, acquisitions, management buyouts or recapitalizations across industry sectors, with particular focus on healthcare, business services and technology.
Contact:
Brian Baynard
brian@travelholdings.com
|
| Back to News |
|
|
|
 |
LastMinuteTravel.com is the premier website for last-minute travel deals offering airline tickets, hotel accommodations, vacation packages, car rentals & cruises. more...
Tourico Holidays, Inc. is the fastest growing worldwide wholesale travel provider with more than 85 international distribution websites, more than 10,000 merchant more...
Travel Global Systems is headquartered in Tel Aviv and focuses on providing innovative and affordable travel technology solutions for THI’s brands and its partners. more...
LastMinuteTravel.co.il ® is the leading online travel site in Israel, offering it’s customers over 30,000 hotels, 37 contracted airlines, numerous cruise lines and car rental more...
Easy Click Travel is a superstore of travel discounts for bargain shoppers. Travel is all about having fun, and Easy Click Travel makes it fun to simply shop for travel. more...
OneMinuteBooking.com is a password protected members-only site providing travel services to the US travel agent marketplace. Launched in 2000, the website now services more...
Travel-E-gent is a fully integrated, Internet-based, dynamic booking engine and financial reconciliation system that enables travel agents to book real time, pre-paid more...
ExecGo is a members-only site that facilitates discount travel for small businesses. Launched in 2003, this site offers small business the opportunity to manage their travel. more...
|
| back |
 |
 |
 |
 |
next |
|