MIAMI & ORLANDO, Fla.--(BUSINESS WIRE)--Cassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, represented Reservations.com in a capital raise. The investment enables the company to continue to expand its business and online hotel booking platform.
Reservations.com is an Orlando-based provider of online booking services for more than 150,000 hotels across the United States and worldwide.
The Cassel Salpeter team, led by Philip Cassel, identified and approached Versant Funding LLC, which provided the capital. Cassel Salpeter assisted Reservations.com through the closing of the transaction.
Cassel Salpeter, with its headquarters in Miami, has experience providing clients in diverse industries with a range of advisory services including: mergers and acquisitions; equity and debt capital raises; fairness and solvency opinions; valuations; and restructurings, such as 363 sales and plans of reorganization.
“We appreciate the Cassel Salpeter team’s ability to secure the necessary capital to take our rapidly growing company to the next level,” said Yatin Patel, co-founder of Reservations.com. “This capital will enable us to strengthen our business, expand our global roster of hotels, and implement a strategic digital marketing program. It also enables us to secure additional capital in the coming years from Versant Funding that will further strengthen our business operations.”
Reservations.com is one of the fastest-growing hotel reservation platforms helping millions of travelers per month easily search and book hotel reservations for top destinations worldwide. Reservations.com (https://www.reservations.com) aims to provide the latest technology, information and features to help travelers research and book hotels on Reservations.com website or over the phone. Travelers can save big with the best hotel room deals available online including group discounts (http://groups.reservations.com). Reservations.com offers excellent customer support including a 24/7 reservations help desk.
About Cassel Salpeter & Co.
Cassel Salpeter & Co., LLC is an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide. Together, the firm’s professionals have experience providing private and public companies with a broad spectrum of investment banking and financial advisory services, including: mergers and acquisitions; equity and debt capital raises; fairness and solvency opinions; valuations; and restructurings, such as 363 sales and plans of reorganization. Co-founded by James Cassel and Scott Salpeter, the firm provides objective, unbiased, results-focused services that clients need to achieve their goals. Personally involved at every stage of all engagements, the firm’s senior partners have forged relationships and completed hundreds of transactions and assignments nationwide. The firm’s headquarters are in Miami. Member FINRA and SIPC. More information is available at www.CasselSalpeter.com.
Editor’s Notes: Interviews are available upon request.