US-based Battery Ventures acquired IHS GmBH from Kings Park Capital, which decided since last year to sell the business. Although the financial deal was not disclosed, Kings Park reportedly earned 3.8x in gross money multiple from the sale.

With its main headquarters in Franfkurt, Germany, IHS offers trainings to the hospitality industry as well as global sales and marketing services.  To date, the company is serving 20,000 hotels in at least 65 countries with total room revenue of  US $3 billion.

Mike Ball, CEO of IHS, said that IHS under the management of Kings Capital has become one of the global benchmarks in hotel services industry as their partners are estimated to be serving 120 million guests each year.

"We are fortunate to have worked with Kings Park Capital who backed management's vision from the start and used their expertise and network to help us deliver and accelerate our growth plans."