11.12.2019

Gütt Olk Feldhaus advises LEA Partners on acquisition of a majority share in Midoco Group

Munich, December 11, 2019 – Gütt Olk Feldhaus has advised the technology investor LEA Partners on its acquisition of a majority share in the travel tech group Midoco from the investment company AFINUM. The services rendered by Gütt Olk Feldhaus comprised both, corporate law aspects regarding the purchase agreement as well as advice on the acquisition finance.

BID Equity as well as the Midoco founder and managing directors continue being shareholders of the Group.

Midoco Group, founded in 2005, has developed into Germany's leading provider of Midoffice-software solutions for the travel industry. In 2018, travel purchases amounting to approximately €11 billion have been processed with Midoco's SaaS-solution. Midoco Group has sites in Hamburg and Hilden, Germany. Part of the Midoco Group is the Swiss Umbrella AG, which, with Umbrella Faces, enables the automatic synchronisation of travellers' profile data.

As an entrepreneurial equity partner, LEA Partners supports founders and management teams in various development phases on their growth and the achievement of a leading market position. Since 2020, the Karlsruhe-based company has managed investments in numerous technology companies.

Legal advisors to LEA Partners:

Gütt Olk Feldhaus, Munich: Dr. Sebastian Olk (Partner, lead), Adrian von Prittwitz (Partner, both Private Equity/M&A), Dr. Tilmann Gütt (Partner, Finance), Thomas Becker (Of Counsel, IP/IT), Isabelle Vrancken, Dr. Marcel Schmidt, Christine Schneemann, Dominik Forstner (all Associates, all Private Equity/M&A), Christopher Ghabel (Senior Associate, Finance)

Flick Gocke Schaumburg, Munich: Christian Schatz (Partner), Corina Hackbarth (Associated Partner, both tax law)

Staudacher Annuß, Munich: Ingo Sappa (Partner), Dr. Felix Halfmeier (Associate, both labor law)

Walder Wyss Ltd. (Switzerland): Florian Gunz Niedermann (Partner), Fabienne Anner (Associate, both Corporate/M&A)

Legal advisors to BID Equity:

AHB Rechtsanwälte Steuerberater, Hamburg: Dr. Benjamin Waitz (Partner, Corporate/M&A)

Legal advisors to the Midoco founders:

Addleshaw Goddard, Hamburg: Dr. Hubertus Schröder (Partner), Dr. Natalia Ilyevich (Associate, both Corporate/M&A)

About Gütt Olk Feldhaus:

Gütt Olk Feldhaus is a leading law firm based in Munich, Germany, with a strong focus on cross-border legal advice and a strong international client base. Our main areas of expertise are corporate law, M&A, private equity and finance including litigation in these areas.

Contact:

Dr. Sebastian Olk
Partner
Tel. +49 89 24 22 411-20
Sebastian.Olkgof-partnercom