Baker McKenzie with Dertour Group on Hotelplan acquisition

Baker McKenzie advised the Dertour Group on its acquisition of the Hotelplan Group from Swiss retailer Migros, with the sole exception of Interhome.

The context

Buyer Dertour Group is a is a german travel holding, employing over 10,000 people across 16 markets. A subsidiary of German retail group Rewe, its portfolio features brands like Dertour, ITS, Meiers Weltreisen and Kuoni. The company holds over 2,000 travel agencies and operates across 31 travel destinations.

In connection with the deal, Dertour finalised the acquisition of Swiss leisure and business travel group Hotelplan. Headquartered in Glattbrugg, Hotelplan employs about 2,500 people across 238 locations. In the fiscal year 2024, the group generated CHF 1.78 billion in revenues. The acquisition encompasses four out of five business units of the Hotelplan Group. The remaing one is holiday home specialist Interhome, which has been ceded to the HomeToGo Group.

The takeover is pending approval from the relevant antitrust authorities. The parties have agreed not to disclose the terms of the transaction. 

The Zurich team

From the Zurich office, M&A and Corporate Partner Manuel Meyer (pictured) led the Baker Mckenzie cross-border team on the matter, working  alongside corporate and M&A associates Christoph Reitze, Jasmin Morell, Benedikt Rutscheidt, Raphael Schneuwly, employment & compensation partner Christoph Stutz, and IP associate Nadine Charriere. Furthermore, partner Boris Wenger and associate Meera Rolaz (both regulatory), took part in the team effort, as well as tax partner Susanne Liebel-Kotz.

Cross-border contributions

Partner Jon Marcus Meese and associate Eva Kriechbaumer (both corporate and M&A) participated from the Düsseldorf and Munich office, togerher with partner Nicolas Kredel, and associates Florian Kotman, Markus Mossmann, Lukas Greiner (all regulatory). The London-based team included partner Jonathan Sharp with associate Mark Solomon (both employment and compensation), as well as partner Luis Gomez with associate Floris Dierickx (both regulatory). Working from Vienna, regulatory partner Andreas Traugott and counsel Anita Lukaschek. Regulatory counsel Bram Hoorelbeke (Brussels) concluded the team.