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Homburger News

On February 12, 2025, HomeToGo SE (Frankfurt Stock Exchange: HTG) announced the signing of a binding agreement to acquire Interhome, Europe&#8217;s second largest vacation rental management company, from Migros, Switzerland’s largest retail company. HomeToGo agreed to a purchase price of CHF 150 m, plus deferred payments of up to CHF 85 m which may become due in tranches until 2029, making this the most significant transaction in HomeToGo Group&#8217;s history and positioning HomeToGo to become Europe&#8217;s leading vacation rental platform.
With this transaction, HomeToGo Group&#8217;s total pro-forma Adjusted EBITDA for FY/24e would triple to more than EUR 30 m.
The transaction is expected to be financed through a combination of new equity, senior debt and available net cash and is expected to close in H1/25, subject to customary regulatory approvals for both the acquisition of Interhome by HomeToGo and the simultaneous acquisition &#8211; in the same transaction &#8211; of the other entities in Hotelplan Group by DERTOUR Group, a renowned international tourism group.
Homburger advises HomeToGo on the Swiss law and tax aspects of the transaction. The Homburger team was led by Frank Gerhard (Corporate / M&amp;A) and included Olivier Bühlmann, Magdalena Stock, Daniel Bötticher, Miriam Oelgarth and Harun Cetin (all Corporate / M&amp;A), Stefan Bindschedler and Michelle Wolf (both Financing and Investment Products), Luca Dal Molin and Joel Fink (both IP / IT), Richard Stäuber and Christoph Grüninger (both Competition), Reto Heuberger, Stefan Oesterhelt and Philippe Weber (all Tax), Vanessa Huber and Jeremy Reichlin (both Employment and Executive Compensation), Gabriel Kasper (Data Protection) as well as Stefanie Pfisterer (Arbitration). Homburger acted alongside a German-based Linklaters team on this transaction.

Homburger advises HomeToGo on its acquisition of Interhome

Deutsche Bank

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Homburger advises Deutsche Bank AG, London Branch, on the financial restructuring of VARTA AG

Homburger acted as Swiss counsel to Deutsche Bank AG, London Branch, and the other syndicate banks, with regard to all Swiss legal aspects of the financing transaction for VARTA AG. VARTA AG produces and markets a diverse range of batteries including micro batteries, household batteries, energy storage systems and customer-battery solutions. As technology leader, VARTA AG sets industry standards in important areas of the battery technology field. VARTA AG is about to conclude complex financial restructuring proceedings initiated in July 2024 under the German StaRUG (German Act on the Stabilisation and Restructuring Framework for Companies). The restructuring plan was accepted in November 2024 and is to be finally implemented in the first quarter of 2025.
VARTA AG is to receive access to new credit facilities of EUR 60 m. The new facilities are a crucial part of the measures intended to secure VARTA AG&#8217;s core electronic battery industry, thereby helping to safe-guard jobs and value creation in Germany and Switzerland.
The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Michelle Wolf and Nathalie Scherrer (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).

Homburger advised UBS Switzerland AG and other syndicate banks in connection with the financing of the acquisition of IMPAG

Deal News

Homburger acted as counsel to UBS Switzerland AG as mandated lead arranger, underwriter, agent, security agent and original lender in connection with the financing of the acquisition of IMPAG Group by Deutsche Private Equity (DPE). IMPAG, headquartered in Zurich and with subsidiaries in Switzerland, Germany, Poland, France, Austria and Spain, is an internationally orientated value-added specialty chemical distribution company that supplies and supports the life science and material science industries in Europe with raw materials, active ingredients and services.
Homburger advised UBS Switzerland AG and the other syndicate banks with regard to all Swiss legal aspects of the financing transaction.
The Homburger team was led by Jürg Frick (Financing) and included Stefan Bindschedler, Nathalie Scherrer, Sarah Fasel and Michelle Wolf (all Financing) as well as Stefan Oesterhelt (Tax).

Michelle
Wolf

Homburger advises HomeToGo on its acquisition of Interhome

Homburger advises Deutsche Bank AG, London Branch, on the financial restructuring of VARTA AG

Homburger advised UBS Switzerland AG and other syndicate banks in connection with the financing of the acquisition of IMPAG

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Michelle Wolf

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MichelleWolf

Homburger advises HomeToGo on its acquisition of Interhome

Homburger advises Deutsche Bank AG, London Branch, on the financial restructuring of VARTA AG

Homburger advised UBS Switzerland AG and other syndicate banks in connection with the financing of the acquisition of IMPAG

Join the Team

Michelle Wolf

Karriere

Sprachen

Zulassung

Teams

Michelle
Wolf