Travelport, the travel technology company, will be taken into private equity hands, following a $4.4 billion takeover by Elliott Management Corporation and others. The company will be under the full ownership of Siris Capital Group and Evergreen Coast Capital (part of Elliott). The deal is expected to close in the second quarter of 2019. Travelport's eNett payment business has become a high-performing division over the last few years, bringing in $86 million in revenue in the third quarter of 2018 (a 58 percent increase year over year). The new owners cited the fast-growing eNett in their respective statements today following the announcement of the acquisition. Frank Baker, co-founder of Siris Capital, said the company has been impressed by Travelport’s industry-leading GDS technology platform, which supports “mission-critical” transactions for both travel providers and agents. At the same time, he said, Travelport is redefining the travel payments industry through eNett, “a disruptive and fast-growing leader in secure, virtual travel payments.”