Flight Centre Group’s Strategic Investment and Commercial Agreement with The Upside Travel Company

Ropes & Gray represented the Flight Centre Group, one of the world’s largest travel agency operations, in a strategic investment and commercial agreement with The Upside Travel Company, a company that operates a corporate travel platform.

Flight Centre’s strategic investment is for a 25 percent stake in Upside, making it Upside’s largest individual shareholder. As part of the transaction, the parties also entered into a collaborative commercial agreement to develop various distribution initiatives that combine Flight Centre’s global understanding of the corporate travel space with Upside’s travel technology platform and software development resources.

The Ropes & Gray team included IP transactions partners Edward Black (Picture) and Regina Sam Penti (both of Boston), special situations partner Jonathan Gill (New York), labor & employment partner Douglas Brayley (Boston), tax partner Leo Arnaboldi III (New York), benefits partner William Jewett (Boston), IP transactions associates Gabriel Gillmeyer and Joshua Jackson (both of Boston), and private equity transactions associate Paul White (New York).

Involved fees earner: Leo Arnaboldi – Ropes & Gray; Edward Black – Ropes & Gray; Douglas Brayley – Ropes & Gray; Jonathan Gill – Ropes & Gray; Gabriel Gillmeyer – Ropes & Gray; Joshua Jackson – Ropes & Gray; William Jewett – Ropes & Gray; Regina Sam Penti – Ropes & Gray; Paul White – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Flight Centre Travel Group Limited;

Author: Ambrogio Visconti