Genstar Capital LLC is exploring a sale of TravelClick Inc, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million, according to four people familiar with the matter. San Francisco-based private equity firm Genstar has asked Evercore Partners Inc to run an auctionThe sources asked not be identified because the sale process is confidential. Genstar failed to comment while spokespeople for TravelClick and Evercore had no immediate comment.Founded in 1999, New York City-based TravelClick provides technology for guest reservations and website development to more than 36,000 hotel clients in over 160 countries, according to its website. The company generated revenues of $257 million in 2012, according to Moody's Investors Service Inc.TravelClick's internet booking engine is facing increasing competition from travel websites such as TripAdvisor Inc , which are developing their own interfaces that allow for direct booking of hotel rooms.
Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm. Shares of EVR fell by 2.96% or $-1.75/share to $57.41. In the past year, the shares have traded as low as $34.75 and as high as $63.66. On average, 306034 shares of EVR exchange hands on a given day and today's volume is recorded at 541807.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip. Shares of TRIP fell by 2.5% or $-2.01/share to $78.35. In the past year, the shares have traded as low as $42.04 and as high as $90.43. On average, 1878310 shares of TRIP exchange hands on a given day and today's volume is recorded at 1600999.
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