Homburger advises buyer HomeToGo on Interhome acquisition
Homburger advised vacation rental platform HomeToGo on its acquisition of Swiss vacation rental management company Interhome.
The context
Listed on the Frankfurt Stock Exchange, HomeToGo provides SaaS-supported marketplace for vacation rental solutions.
In connection with the deal, the German company agreed to acquire Interhome, a vacation rental management company, from prominent Swiss retailer Migros. The parties met at a purchase price of CHF 150 m, plus deferred payments of up to CHF 85 m which may become due in tranches until 2029.
A combination of new equity, senior debt and available net cash is expected to fund the deal. The closing is planned to arrive within the first half of 2025, being subject to customary regulatory approvals for both the acquisition of Interhome by HomeToGo and the simultaneous buying of the other entities in Hotelplan Group by tourism group Dertour.
The team
Working alongside a German-based Linklaters team, Homburger advised HomeToGo on all Swiss law and tax aspects of the deal.
Corporate and M&A parter Frank Gerhard (pictured) led the Homburger team, with additional support from Olivier Bühlmann, Magdalena Stock, Daniel Bötticher, Miriam Oelgarth and Harun Cetin (all corporate / M&A), Stefan Bindschedler and Michelle Wolf (both financing and investment products), Luca Dal Molin and Joel Fink (both IP / IT), Richard Stäuber and Christoph Grüninger (both competition), Reto Heuberger, Stefan Oesterhelt and Philippe Weber (all tax), Vanessa Huber and Jeremy Reichlin (both employment and executive compensation), Gabriel Kasper (data protection) and Stefanie Pfisterer (arbitration).
