News and developments
Bär & Karrer Advises EQT and Kuoni Group on the Combination of Kuoni's GTA Business with Hotelbeds
Bär & Karrer acts as lead legal advisor to EQT and Kuoni Group. The team includes Till Spillmann, Markus Wang, Ivo von Büren, Andrea Giger, Lars Müller, Pierina Janett and Aileen Kreyden (all M&A) as well as Jonas Bornhauser (IP), Mani Reinert (Competition Law), Markus Schott and Raphael Wyss (both Regulatory).
Kuoni Travel Holding Ltd, owned by EQT VII, a fund of the private equity group EQT, and the Kuoni and Hugentobler Foundation, has entered into a binding agreement on the sale of its GTD business division (GTA) to Hotelbeds Group, owned by a consortium led by Cinven und Canada Pension Plan Investment Board (CPPIB). The shareholders of Kuoni Group will roll-over a large portion of their participation in GTA into the combined Hotelbeds/GTA business and upon completion, will hold a substantial minority stake in the combined Hotelbeds/GTA business. Completion of the transaction is subject to customary closing conditions, including merger control filings and approvals.
Bär & Karrer acts as lead legal advisor to EQT and Kuoni Group. The team includes Till Spillmann, Markus Wang, Ivo von Büren, Andrea Giger, Lars Müller, Pierina Janett and Aileen Kreyden (all M&A) as well as Jonas Bornhauser (IP), Mani Reinert (Competition Law), Markus Schott and Raphael Wyss (both Regulatory).