Clifford Chance Advised European Bridge Travel On Sale Of Invia Group
Clifford Chance Advised European Bridge Travel On Sale Of Invia Group
Clifford Chance's Prague office advised European Bridge Travel and its shareholders, Rockaway Capital and CITIC Europe Holdings, on the successful sale of 100% of the shares in Invia Group, a leading online travel agency in Central and Eastern Europe, to WP Holding. The deal, valued at approximately 240 million euros (around 6 billion crowns), ranks as one of the largest transactions of the year.
Invia Group, with a workforce of over 1,200 employees, operates across five countries and runs 16 offices in Germany, the Czech Republic, Poland, Slovakia, and Hungary.
Rockaway Capital, an established investment group led by Jakub Havrlant, has a strong presence in Central and Eastern Europe (CEE) and DACH. The Group, with operations in 17 European countries, manages companies in various sectors, including e-commerce, e-travel, fintech, media, and blockchain. Its portfolio includes prominent names like the DODO Group, Vivantis, Euromedia Group, and the Balkan e-commerce platform Gjirafa.
WP Holding, specializing in travel, media, and consumer financial products, owns the largest online platform for international travel in Poland, Wakacje.pl, and operates several travel platforms in Poland, the Czech Republic, Hungary, and Romania.
The Clifford Chance team on this transaction was led by Partner Alex Cook and Counsel Michal Jašek, with Senior Associate Tomáš Procházka playing a key role. The team also included Counsel Iwona Terlecka and Associates Matěj Pavlík, Natálie Kurková, and Marcin Waszyński from the Prague and Warsaw offices.
