Battery Ventures buys IHS from Kings Park Capital

The sale is the first full exit by Kings Park from its maiden fund, which held a final close in October 2008.

The deal follows a decision by the company to initiate a sale process late last year.

During Kings Park's holding period, growth was driven by investing in management talent, products and services, customer base growth and improved cost and working capital controls, the GP stated.

Battery Ventures is a US-based technology-focused investment fund.

Company
Founded in 2008 and headquartered in Frankfurt, IHS provides sales and marketing, distribution, and training services to independent hotels and regional hotel groups.

The company supports 20,000 hotel properties in 65 countries, reaching 120 million guests.

People
Jason Katz is a co-founder of Kings Park. Mike Ball is CEO of IHS.

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