TUI’s €110 Million Acquisition of destination-management division of HotelBeds Group


Allen & Overy, EY Law and Freshfields Bruckhaus Deringer advised on the deal

TUI Group acquired the destination-management business of HotelBeds Group for €110 million.

TUI AG is a tourism service provider. The Company operates airlines, travel agencies, cruise ships, resorts, and hotels. TUI, led by Friedrich Joussen, Horst Baier and Birgit Conix, serves clients in Europe. TUI AG in 2017 recorded €16.155 Billion Revenues.

Hotelbeds, S.L.U. operates an online database of hotels that operate worldwide. It provides access to an accommodation portfolio of hotels ranging from leisure resorts to city breaks and from budget to 5-star luxury hotels; and ancillary products, such as transfer services, car hire, attraction tickets, and excursions. The company, led by Luis Miguel Vazquez, Joaquin García, Kathy Dunn and Carlos Feliu is based in Spain.

Allen & Overy advised Tui AG with Helge Schäfer (Picture), Heike Weber, Alasdair Balfour, Jonas Wittgens, Javier Bau, Bosco de Checa, Louisa Graubner, Moritz Merkenich, Emilio Fernández, Miguel Zulaica and Max Kaufman.

In Peru, EY Law advised Tui AG with Fernando Tori and Edwin Sarmiento.

Freshfields Bruckhaus Deringer advised Cinven: the controlling shareholders of Hotelbeds and Hotelbeds with a team including Wessel Heukamp, Torsten Schreier, Christian Sistermann, Alan Ryan, Frank Röhling, Christopher Davis, Michael Leicht, Martin Rehberg, Julius Hasse, Maximilian Liegl, Bettina Stepanek, Götz Lingenthal, Peter Mason and Katherine Heath.

Involved fees earner: Edwin Sarmiento – EY Law; Fernando Tori – EY Law; Helge Schäfer – Allen & Overy; Jonas Wittgens – Allen & Overy; Javier Bau – Allen & Overy; Bosco De Checa – Allen & Overy; Louisa Graubner – Allen & Overy; Moritz Merkenich – Allen & Overy; Miguel Zulaica – Allen & Overy; Max Kaufman – Allen & Overy; Heike Weber – Allen & Overy; Alasdair Balfour – Allen & Overy; Wessel Heukamp – Freshfields Bruckhaus Deringer LLP; Christopher Davis – Freshfields Bruckhaus Deringer LLP; Michael Leicht – Freshfields Bruckhaus Deringer LLP; Maximilian Liegl – Freshfields Bruckhaus Deringer LLP; Bettina Stepanek – Freshfields Bruckhaus Deringer LLP; Torsten Schreier – Freshfields Bruckhaus Deringer LLP; Christian Sistermann – Freshfields Bruckhaus Deringer LLP; Martin Rehberg – Freshfields Bruckhaus Deringer LLP; Alan Ryan – Freshfields Bruckhaus Deringer LLP; Frank Röhling – Freshfields Bruckhaus Deringer LLP; Julius Hasse – Freshfields Bruckhaus Deringer LLP; Peter Mason – Freshfields Bruckhaus Deringer LLP; Catherine Heath – Freshfields Bruckhaus Deringer LLP;

Law Firms: EY Law; Allen & Overy; Freshfields Bruckhaus Deringer LLP;

Clients: Cinven; TUI AG; Hotelbeds, S.L.U.;