Four firms check in for Permira's buyout of online travel company
Linklaters, Allen & Overy (A&O), Ashurst and Garrigues have all advised on the €250m (£208m) buyout of Spanish online travel agency eDreams by UK private equity firm Permira. Permira has bought the travel agency from US private equity firm TA Associates which obtained the company in 2006 for €153m (£127m). Linklaters advised Permira with a team led by private equity partner Alejandro Ortiz alongside tax partner Javier Garcia-Pita, finance partner Ben Crosse and antitrust partner Jaime Perez-Bustamante.
August 09, 2010 at 12:27 PM
2 minute read
Linklaters, Allen & Overy (A&O), Ashurst and Garrigues have all advised on the €250m (£208m) buyout of Spanish online travel agency eDreams by UK private equity firm Permira.
Permira has purchased the travel agency from US private equity firm TA Associates which obtained the company in 2006 for €153m (£127m).
Linklaters advised Permira with a team led by private equity partner Alejandro Ortiz alongside tax partner Javier Garcia-Pita, finance partner Ben Crosse and antitrust partner Jaime Perez-Bustamante.
Ashurst advised TA Associates, fielding a team led by Madrid head of corporate Jesus Almoguera alongside tax partner Eduardo Gracia.
Meanwhile, Garrigues advised eDreams with corporate partner Sergio Sanchez Sole and tax partner Albert Collado taking the key roles, while A&O advised UBS, the underwriting bank.
Sanchez Sole said: "The most interesting issue about this deal was the amount of the investment for a second buyout.
"Spain has been going through a difficult time and this is one of the biggest transactions this year. This is a really good sign that a Spanish company has been part of a big transaction and that Permira had no trouble finding good financing for it."
The sale is one of three recent major private equity-related roles for Linklaters, following the magic circle firm's involvement in the $3.2bn (£2bn) acquisition of the Royal Bank of Scotland's payment-processing unit by Bain Capital and Advent International and HgCapital's £470m acquisition of Italian software company TeamSystem from Bain.
The eDreams deal is the first buyout for Permira since its takeover of life insurance company Just Retirement for £230m in September 2009.
For more recent private equity deals, see:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
A&O Shearman, White & Case Advise on €1.2B Public Takeover of German Steel Giant Salzgitter
3 minute read
Hengeler Advises On €7B Baltica 2 Wind Farm Deal Between Ørsted and PGE
2 minute read
Slaughter and May and A&O Shearman Advise as Latest UK Company Goes American
3 minute readTrending Stories
- 1Blank Rome Adds Life Sciences Trio From Reed Smith
- 2Divided State Supreme Court Clears the Way for Child Sexual Abuse Cases Against Church, Schools
- 3From Hospital Bed to Legal Insights: Lessons in Life, Law, and Lawyering
- 4‘Diminishing Returns’: Is the Superstar Supreme Court Lawyer Overvalued?
- 5LinkedIn Accused of Sharing LinkedIn Learning Video Data With Meta
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
