Booking Holdings Inc’s €1.63 Billion Acquisition of Etraveli Group

In UK Freshfields Bruckhaus Deringer LLP, Slaughter and May, advised on the matter.

Freshfields Bruckhaus Deringer LLP advised CVC Capital Partners with a team including Simon Priddis (Competition Law), Charles Hayes (Corporate M&A), Sundeep Kapila (Corporate M&A).

Roschier advised CVC Capital Partners with a team including

Slaughter and May advised Booking Holdings Inc with a team including Philippe Chappatte (Competition Law), Robert Innes (Picture – Corporate M&A), Charles Cameron (Employment), Phil Linnard (Employment), Claire Cooke (Finance), Ben Kingsley (Finance), Rob Sumroy (IP&IT), Jane Edwarde (Real Estate), Dominic Robertson (Picture – Tax M&A and Deal Advisory).

CVC Capital Partners sold, together with management, of Etraveli Group to Booking Holdings Inc for approximately €1.63 billion.

Etraveli Group is already a partner of Booking.com – helping power its existing flight product – the acquisition of Etraveli Group will complement Booking Holdings’ ongoing work to build a frictionless global flights offering to deliver on its overall mission to make it easier for everyone to experience the world.

Etraveli Group will remain headquartered in Sweden and operate as an independent business under Booking Holdings, led by their current management team.

The transaction is subject to certain closing conditions, including regulatory approvals.

The Freshfields team was led by partners Charles Hayes, Sundeep Kapila and Simon Priddis, alongside senior associates Andy Robinson, Jay Swain and Tom McGrath.

Roschier’s core team comprised Jens Bengtsson, Malin Leffler, Kristian Hugmark, Björn Johansson Heigis, Axel Bonning, Mikael Karlsson, Tobias Wiberg and Louise Ekdahl.

Slaughter and May’s team included Robert Innes (Picture), Partner, Richard Hilton, Associate, Warwick Brennand, Associate, Christian du Toit, Associate, Mary Kiernan, Trainee, Henry Alexander, Trainee, Philippe Chappatte, Partner, Kerry O’Connell, Partner, Alexander Chadd, Senior Counsel, Andrew Gilbert, Associate, Shweta Vasani, Associate, Alice White, Associate, Oliver Smith, Trainee, Dominic Robertson, Partner, Kyle O’Sullivan, Associate, Amy Motherwell, Associate, Rob Sumroy, Partner, Inder Dhaliwal, Associate, Oliver Noble, Associate, Jack Higgins, Trainee, Charles Cameron, Partner, Phil Linnard, Partner, Philippa O’Malley, Associate, Josh Fennell, Associate, Shanuk Mediwaka, Trainee, Jane Edwarde, Partner, Mark Gulliford, Associate, Claire Cooke, Partner and Ben Kingsley, Partner.

Slaughter and May worked closely with an internal legal team at Booking Holdings led by Xanthe Ranger (Vice President, M&A and Strategic Investments).

Involved fees earner: Charles Hayes – Freshfields Bruckhaus Deringer LLP; Sundeep Kapila – Freshfields Bruckhaus Deringer LLP; Thomas McGrath – Freshfields Bruckhaus Deringer LLP; Simon Priddis – Freshfields Bruckhaus Deringer LLP; Andy Robinson – Freshfields Bruckhaus Deringer LLP; Jay Swain – Freshfields Bruckhaus Deringer LLP; Jens Bengtsson – Roschier; Axel Bonning – Roschier; Louise Ekdahl – Roschier; Kristian Hugmark – Roschier; Björn Johansson Heigis – Roschier; Mikael Karlsson – Roschier; Malin Leffler – Roschier; Tobias Wiberg – Roschier; Warwick Brennand – Slaughter and May; Charles Cameron – Slaughter and May; Alexander Chadd – Slaughter and May; Philippe Chappatte – Slaughter and May; Claire Cooke – Slaughter and May; Inder Dhaliwal – Slaughter and May; Christian du Toit – Slaughter and May; Jane Edwarde – Slaughter and May; Josh Fennell – Slaughter and May; Andrew Gilbert – Slaughter and May; Mark Gulliford – Slaughter and May; Richard Hilton – Slaughter and May; Robert Innes – Slaughter and May; Ben Kingsley – Slaughter and May; Phil Linnard – Slaughter and May; Amy Motherwell – Slaughter and May; Oliver Noble – Slaughter and May; Philippa O’Malley – Slaughter and May; Kyle O’Sullivan – Slaughter and May; Kerry O’Connell – Slaughter and May; Dominic Robertson – Slaughter and May; Rob Sumroy – Slaughter and May; Shweta Vasani – Slaughter and May; Alice White – Slaughter and May;

Law Firms: Freshfields Bruckhaus Deringer LLP; Roschier; Slaughter and May;

Clients: Booking Holdings Inc; CVC Capital Partners;

Author: Giulia Di Palma