Pendo served as independent financial advisor to the board of directors of a private equity owned leading travel & leisure operator. The transaction involved an equity recapitalization of approximately $30 million. Pendo worked with the private equity financial sponsor, company management, and legal counsel, and provided a fairness opinion to the board of directors in connection with the transaction. Pendo continues its leadership as a leading U.S. provider of independent fairness opinions along with providing institutional quality valuation and transaction advisory solutions for the private equity industry.