Walder Wyss advised lastminute.com N.V. and Freesailors Coöperatief U.A on the transaction.
Fedro S.A. sold its participation in Freesailors Coöperatief U.A., the controlling shareholder of lastminute.com N.V. (SIX: LMN) to Sterling Strategic Value Fund and a pool of private investors. In this context, the Swiss Takeover Board confirmed that the transaction and the entering into of a shareholders’ agreement among the members of Freesailors does not trigger the obligation of the parties involved to launch a mandatory takeover offer pursuant to Art. 135 FMIA.
Sterling is one of the oldest activist investors in Europe with an impressive 22-year track record.
Sterling invests in the listed equity of small and mid-cap companies quoted on the major European exchanges. Sterling seeks to enhance the value of companies through an engaged and supportive approach that aligns shareholder and management interests.
lastminute.com N.V. is a European online travel and leisure company. The Company offers access to travel services such as flights, hotels, cruises, car hire, and other related services. lastminute.com provides its services to various countries throughout Europe.
The Walder Wyss team was co-led by Rafael Zemp (Picture) and Dimitrios Berger and further included Florian Iten (Trainee Lawyer) and Leandro Schafer.
Law Firms: Walder Wyss Ltd.;