Acquirer(s)
- TPG Partners V L.P
Target(s)
- Sabre Holdings Corporation
Summary
TPG Partners V & Silver Lake Partners II propose to jointly acquire Sabre Holdings Corporation.Market definition
The ACCC considered the Proposed Acquisition in the context of:- the national market for the supply of GDS and related services;
- the national market for the supply of CRS and related services; and
- the national market for the supply of online travel services.
Competition analysis
The Proposed Acquisition represents a mere transfer of ownership and is therefore likely to have a minimal impact on the existing level of competition in the relevant markets. Further, issues of vertical integration do not appear to raise concerns because Tiger Airways is a minor participant in Australia's aviation industry.Accordingly, on 11 January 2006, the ACCC formed the view that the proposed acquisition is unlikely to substantially lessen competition in the relevant markets.