Fincallorca Group
Deal Type
Company sale
Sector
Consumer
Completion Date
30th April 2019
Deal Value
Not disclosed
Company Background
Fincallorca is a leading online travel agent for Mallorca-based premium accommodations with more than 1,400 fincas, villas and cottages in its portfolio. Fincallorca was founded in 2008 by Ralf zur Linde and Julian Grupp. Since than, the company has substantially grown through determined acquisition and relationship building with clients, highly efficient online marketing and continuous improvement of Services with a market leading online property presentation (drone Videos, 4k high res pics, 3D floor plans,...)
Deal Summary
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.
Value Added
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.
Fincallorca Group deal contacts
Key members of the Proventis Partners deal team crucial in the Fincallorca Group transaction
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