TravelPerk acquires Yokoy: the advisors

Business travel platform TravelPerk completed the acquisition of Yokoy, a Zurich-based spend management specialist.

In connection with the deal, Walder Wyss advised Yokoy and its shareholders, while Lenz & Staehelin represented the buying part.

The parties

Headquartered in Barcelona, TravelPerk is a globally active travel management company.

Founded in 2019 under the moniker Expense Robot, Yokoy’s spend management platform utylises AI, custom workflows, and spend analytics to manage invoices, expenses, and payments.

The parties’ collaboration goes back to 2020, when they started to partner in offering travel and expense management to customers such as Breitling, On Running, and Medskin.

The Lenz & Staehelin team

Lenz & Staehelin advised TravelPerk alongside A&O Shearman as international counsel.

The Lenz & Staehelin team included corporate and M&A partner Matthias Wolf (pictured above), associates Nicolas Lehmann and Arnold Romero, trainee lawyer Balian de Viragh (all corporate and M&A), partner Lukas Aebi, counsel Franziska Stadtherr-Glättli, trainee lawyer Joël Neuhaus (all tax), partner Patrick Schärli (financial services regulation), associates Anna Züst and Jil Eichenberger (both IP/IT), as well as associate Elena Nauer (employment).

The Walder Wyss team

Walder Wyss worked on the deal alongside Herbert Smith Freehills as international counsel.

Partner Maurus Winzap (tax, pictured) led the Walder Wyss team on the matter, working alongside partner Florian Gunz (corporate/M&A), counsel Janine Corti (tax), managing associate Dario Galli (corporate/M&A), and counsel Fabienne Anner (corporate/M&A).