GuestLogix nets $38.5 mln in sale of OpenJaw to TravelSky
GuestLogix Inc (TSX: GXI) recently wrapped up its sale of OpenJaw Technologies Inc to TravelSky Technology Ltd. The deal, announced last month, provided GuestLogix with net proceeds of approximately US$38.5 million after adjustments, but before fees and expenses. The OpenJaw transaction resulted from a court-approved sale and investment solicitation process conducted under creditor protection legislation. Based in Toronto, GuestLogix is a provider of merchandising, payment, and business intelligence technology to the passenger travel industry. It closed a credit deal last June with Vistara Capital Partners and Beedie Capital Partners.
17 May 2016•4 mins read
