Cinven Capital Management/CPPIB €1.2 billion acquisition of Hotelbeds Group

19/5/2016

Private acquisition

Value:

€ 1.2 billion

Dollar value:

$ 1.347 billion

Status:

Completed

Date:

19/5/2016

Overview:

Private equity investor Cinven Capital Management and the Canada Pension Plan Investment Board have acquired Hotelbeds from global tourism group TUI for €1.2 billion.
Hotelbeds Group offers hotel rooms to travel agencies and tour operators across more than 120 source markets.
Freshfields Bruckhaus Deringer (David Higgins, Victoria Sigeti, Wessel Heukamp, José Armando Albarrán) acted for the acquirers.
Allen & Overy advised the seller (Helge Schäfer, Jonas Wittgens, Marie-Luise von Buchwaldt, Antoni Valverde, Javier Bau, Bosco de Checa)

Anna Kozakova - Journalist - EMEA

Jurisdiction:

Germany

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Tourism

Firms:

A&O Shearman

Party: TUI AG (Seller)

Lawyer: Helge Schäfer

Freshfields Bruckhaus Deringer

Party: Cinven (Acquirer)

Party: Canada Pension Plan Investment Board (Acquirer)

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