McDermott Advises VREP on Investment in Midoco Group - McDermott Will & Emery

McDermott Advises VREP on Investment in Midoco Group


Frankfurt, November 6, 2023 – McDermott Will & Emery has advised VR Equitypartner (VREP) on the acquisition of a significant minority stake in Midoco Holding GmbH.

As part of the transaction, VREP acquires all shares from the previous financial investors. The Midoco management and founding team will retain a stake in the company. The transaction is expected to close mid-November of this year. Both parties have agreed not to disclose the purchase price.

It is planned to continue Midoco’s buy & build strategy in the coming years.

The Midoco Group, with Midoco GmbH in Hilden, Germany, and Umbrella AG in Wetzikon, Switzerland, is a leading provider of mid-office software for the travel industry. Founded in 2005, the company serves travel agency chains, business travel agencies and tour operators in over 60 countries.

VR Equitypartner, a subsidiary of DZ Bank, is one of the leading equity financiers for medium-sized companies in Germany, Austria and Switzerland. VREP’s portfolio currently comprises around 60 companies with a total investment volume of €400 million.

The team advising VR Equitypartner was led by partner Michael Cziesla and included partners Philip Schmidt, Gudrun Germakowski, Johannes Honzen, Ludwig Zesch and Heiko Kermer, counsel Christian Marzlin, Claus Färber, Laura Stammwitz and Marcus Fischer as well as associates Lisa Schickling, Sebastian Gerstner, Simon Apelojg, Matthias M. Bosbach, Romy Lanz, Lukas Deutzmann and Tina Knecht.