Summit seeks to sell or float discount hotel website

Summit Partners, the Boston-based private equity group, plans to use its minority shareholding in Web Reservations International, the online discount hotel bookings provider, to push for a sale or flotation of the Irish business.

Scott Collins, a London-based partner at Summit which invested an undisclsed amount to secure a stake this week, said a trade sale or initial public offering were both viable options for Web Reservations International within two years.

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