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Freshfields advises CVC Capital Partners on the debt financing for Etraveli acquisition

  • This marks the second transaction signed by CVC this month on which the Freshfields leveraged finance team has acted 
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised CVC Capital Partners (‘CVC’), one of the world’s leading private equity and investment advisory firms, on CVC Fund VI’s acquisition of Etraveli, the global flight-centric online travel agency, from ProSiebenSat.1. The financial terms of the transaction were not disclosed, and the agreement is subject to approval by relevant authorities. 

Based in Uppsala, Sweden, Etraveli is a global e-commerce platform for flight tickets, and it combines a leading position in the Nordics with a fast-growing international business. Etraveli fulfils over €2 billion in transactions annually across almost 50 countries, by delivering attractively priced flight content through its proprietary technology platform.

Freshfields advised on the debt financing aspects of the deal. The team was led by co-head of European leveraged finance Alex Mitchell and leveraged finance partner Denise Ryan. The team also included finance partner Mario Heuther in Frankfurt. 

Alex and Denise also led on the debt financing elements of CVC’s recent acquisition of QA Group, the UK's leading provider of IT education and skills, making this the second transaction CVC have signed this month on which the Freshfields leveraged finance practice has acted. 

ENDS

Notes to editors:

About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most. 
 

The Freshfields team was led by: