Signa’s Acquisition Of 106 Thomas Cook Travel Agencies


McDermott Will & Emery has advised SIGNA Group on the transaction.

SIGNA Group executed the acquisition of 106 Thomas Cook travel agencies with more than 500 employees for its own Galeria Karstadt Kaufhof travel offers. Signa will also take over the Thomas Cook e-commerce platform “Golden Gate”.

The transaction results from successful negotiations with the preliminary insolvency administrators of Thomas Cook GmbH, Thomas Cook Touristik GmbH, Thomas Cook Vertriebs GmbH and Neckermann Urlaubswelt GmbH.

Closing of the transaction is subject to the approval of the creditors’ committees and the antitrust authorities.

With the acquisition, Galeria Karstadt Kaufhof doubles the number of sales points in Germany.

SIGNA is a real estate investment company. Its services include acquisition, project development, design and concept development, commercial project management, financing and controlling, project marketing, design and optimization of layouts, letting, and asset management.

The McDermott team advising SIGNA was led by Matthias Kampshoff (Picture) and Marc Oberhardt in Düsseldorf, and included Sandra Urban-Crell, Ulrich Flege, Jessica Hanke, Christian Krohs and Claus Färber, as well as associates Ulrike Witt, Joana Ney, Catharina Dickhäuser, Sakai Shabo, Johanna Leitzke-Schmid, Heiner Feldhaus, Philipp Schrage, Mara Sonnenberg, Tina Zeller, Josepha Hettich, Colin Winterberg, Carina Kant and Vera Hoff.

Involved fees earner: Josepha Afra Hettich – McDermott Will & Emery; Catharina Dickhäuser – McDermott Will & Emery; Claus Färber – McDermott Will & Emery; Heiner Feldhaus – McDermott Will & Emery; Ulrich Flege – McDermott Will & Emery; Jessica Hanke – McDermott Will & Emery; Vera Hoff – McDermott Will & Emery; Matthias Kampshoff – McDermott Will & Emery; Carina Kant – McDermott Will & Emery; Christian Krohs – McDermott Will & Emery; Johanna Leitzke-Schmid – McDermott Will & Emery; Joana Ney – McDermott Will & Emery; Marc Oberhardt – McDermott Will & Emery; Philipp Schrage – McDermott Will & Emery; Sakai Shabo – McDermott Will & Emery; Mara Sonnenberg – McDermott Will & Emery; Sandra Urban-Crell – McDermott Will & Emery; Colin Winterberg – McDermott Will & Emery; Ulrike Witt – McDermott Will & Emery; Tina Zeller – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: SIGNA Group;