MIAMI & ORLANDO, Fla. 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.