Deals

Fincallorca Group

For me, Proventis was exactly the right Partner. Especially as a founder and owner without any business management training, I felt well advised and in safe hands at all times during the transaction. The exceptionally deep knowledge of Proventis of the quite complex, international conditions of a tourism company like Fincallorca was decisive for the extremely successful outcome of the deal.

Founder, Fincallorca Group

Completion Date
April 2019

Transaction Type
Company Sale

Lead Partner
Jan Poerschmann

Background
Proventis Partners Munich advised the shareholders of Fincallorca, the market leading OTA for premium vacation rentals on Mallorca, on the sale of 100% of the shares to the Awaze Group, Europe’s leading managed vacation rental group, backed by the US-based private equity firm Platinum Equity.

What Difference Did We Make?
The transaction setup of a UK buyer, backed by one of the most recognized US-based private equity firms, Platinum Equity, acquiring a German company and its Spanish subsidiary required a deep understanding of different legislations and tax environments and implied complex coordination between all parties involved, including law firms and accountants from Germany, the UK and Mallorca. In addition, due to an interwoven structure of Fincallorca GmbH and its subsidiaries, extensive reorganization / carve-out measures had to be undertaken prior to marketing and eventually selling the business. All effects had to assessed and modelled operationally, legally, tax-wise and commercially to enable the buyer to come to a fair and adequate pricing of the business.

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