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News

CMS advises on Slevomat sale

4.09.2017
Company: CMS Cameron McKenna Nabarro Olswang, advokáti v.o.s

CMS has advised the sellers in relation to the sale of Slevomat Group (“Slevomat”), a company holding deal websites in the Czech Republic and Slovakia. The UK-based travel company Secret Escapes acquired Slevomat from a group of investment companies consisting of Miton, Enern and In-Bridge.

 

Through its websites Slevomat offers discounts on travel and entertainment packages and a range of other goods and services. It has over a million customers globally and a turnover of around EUR 90 million.

Secret Escapes was founded in 2011 and is currently active in 21 markets in Europe, America and Asia. The company is backed by a number of investors including Google Ventures. It is a rapidly growing company and expanded into the Czech Republic, Slovakia and Hungary last year under its Travelist brand. The transaction was the largest acquisition of the company to-date. The deal value remains undisclosed.

The CMS team was led by Helen Rodwell and included Frances Gerrard, Lucie Hallóová, Andrea Červenková, Pavel Kocián, Jamie Gordon, Filip Gvozdek and Jiří Peťura.

Tags: Business Development | Tourism | Retail |

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