WebJet’s $173 Million Acquisition of Destinations of the World

DLA Piper, Freshfields Bruckhaus Deringer and Ashurst advised on the deal

WebJet has acquired Destinations of the World (DOTW) for $173 million, a move that significantly expands Webjet’s B2B accommodations supplier business, WebBeds.

WebBeds operates around the world through its brands Sunhotels, JacTravel, Totalstay, FIT Ruums and Lots of Hotels.

The addition of Dubai-based B2B platform DOTW increases WebBeds’ direct contract supply by 24% to more than 28,500 rooms.

Evercore acted as lead financial advisor to Webjet, while Credit Suisse and UBS acted as Webjet’s joint financial advisors.

DLA Piper advised Webjet with a team including Ben Gillespie (Picture), Natalia Tombs, Niamh Lindsell, Joel Cox, James McCarthy, Tara Alexandra, Beau Paterson, Kashif Syed, Leopold Zentner, Stewart Wang, Frank Chen and Cristina Bucur.

DLA Piper advised Webjet on the entitlement with a team including David Ryan, Elliot Cheung and Claudia McEwen.

Freshfields Bruckhaus Deringer advised DOTW and Gulf Capital with a team includign Rob Cant, Tom Lawless, Craig Abbot and Maha Osman

Ashurst advised the underwriters with Sarah Dulhunty, Sharon Liu and Lauren Garrett.

Involved fees earner: Ben Gillespie – DLA Piper; Natalia Tombs – DLA Piper; Joel Cox – DLA Piper; James McCarthy – DLA Piper; Tara Alexander – DLA Piper; Kashif Syed – DLA Piper; Leopold Zentner – DLA Piper; Stewart Wang – DLA Piper; Cristina Bucur – DLA Piper; David Ryan – DLA Piper; Elliott Cheung – DLA Piper; Claudia McEwen – DLA Piper; Rob Cant – Freshfields Bruckhaus Deringer LLP; Tom Lawless – Freshfields Bruckhaus Deringer LLP; Craig Abbott – Freshfields Bruckhaus Deringer LLP; Maha Osman – Freshfields Bruckhaus Deringer LLP;

Law Firms: DLA Piper; Freshfields Bruckhaus Deringer LLP;

Clients: WebJet Ltd; Destinations Of The World;