On November 10, it was announced that TUI Ventures has acquired a stake in Willkie client peakwork AG.
With this transaction, on which Willkie also advised peakwork’s shareholders, TUI Ventures has acquired a 15.4% stake in peakwork and become the Düsseldorf-based company’s first anchor investor. The partners aim to establish a global market standard for the distribution of tourism services. The investment was facilitated through a capital increase and shares from existing peakwork shareholders.
Peakwork AG, established in 2009, is the software specialist for the travel industry. With its innovative and unique worldwide Player-Hub technology®, peakwork has set new standards in the sector, resulting in higher quality, quantity, accuracy and speed in producing and selling travel products.
The Willkie deal team was led by partners Stefan Joergens (Picture) and Mario Schmidt and included partner Susanne Zuehlke; national partner Axel Wahl; associates Christina Mann, Stefan Buehrle, Johannes Eckhardt and Miriam Wolffsky; and transaction lawyer Ilie Manole.
Involved fees earner: Stefan Jörgens – Willkie Farr & Gallagher; Mario Schmidt – Willkie Farr & Gallagher; Axel Wahl – Willkie Farr & Gallagher; Christina Mann – Willkie Farr & Gallagher; Stefan Bührle – Willkie Farr & Gallagher; Johannes Eckhardt – Willkie Farr & Gallagher; Susanne Zuehlke – Willkie Farr & Gallagher;
Law Firms: Willkie Farr & Gallagher;
Clients: peakwork AG;