Freshfields advises CVC Capital Partners on the sale of Etraveli Group to Booking Holdings Inc for €1.63 billion
Freshfields has advised funds managed by CVC Capital Partners on the sale, 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 is being led by partners Charles Hayes, Sundeep Kapila and Simon Priddis, alongside senior associates Andy Robinson, Jay Swain and Tom McGrath.