HomeToGo acquires e-domizil for 40 million EURO
HomeToGo announced the acquisition of Frankfurt-based internet company e-domizil from e-vacation Group Holding for €40 million. The purchase price includes a payment of around €2 million in class A shares owned by HomeToGo, which is subject to customary purchase price adjustment mechanisms. The purchase will significantly contribute to HomeToGo’s developing onsite business in addition to its global expansion.
The internet company e-domizil is a German vacation rentals company with more than 370,000 offers listed in 14 countries. Offering inventory in markets such as Austria, Croatia, Denmark, Germany, France, Italy, Spain and Switzerland, e-domizil reported International Financial Reporting Standards revenues of more than €20 million in 2021. Founded in 2000, the company focuses on the procurement of individual travel experience products, ranging from vacation rentals to cruises and round trips. The company comprises of brands including e-domizil, PREMIUM SELECTION by e-domizil, tourist-online.de, BELLEVUE Ferienhaus, and atraveo, which also runs TUI Villas. The e-domizil’s offices, teams and management will remain in operation in Germany and Switzerland before joining the HomeToGo Group team of 400+ employees to create new synergies and promote innovation.
From the other side, HomeToGo is also a Germany-based marketplace of vacation rentals. The company has presented an ambitious financial outlook to grow its business to €1 billion in booking revenues by 2028-29, having gone publico n the Frankfurt Stock Exchange in September in a €1.2 billion transaction.
VISCHER advised the seller on the Swiss legal aspects of this transaction whereas Wendelstein acted as lead counsel. The VISCHER team comprised Robert Bernet (partner, corporate/m&a, pictured left) and Peter Kühn (counsel, corporate/m&a, pictured right).
