16 October 2013 I Deals and Cases

Kuoni Travel Holding Ltd. Closes Financing of its Acquisition of Gulliver's Travel Associates

Kuoni Holding Travel Ltd. has closed the financing of the acquisition of Gulliver's Travel Associates (GTA) on 12 May 2011. Kuoni has become one of the leading global providers of online destination management services upon consummation of this acquisition. The acquisition was funded by credit facilities in the amount of CHF 600 million, a rights offering in the amount of CHF 257 million and available cash reserves. Credit Suisse acted as lead manager and sole bookrunner in the rights offering and as arranger of the credit facilities.

Bär & Karrer acted as legal adviser to Credit Suisse in this transaction. The team was led by Thomas Reutter (equity) and Ralph Malacrida (debt) and included Harald Zeiter, Till Spillmann, Daniel Raun, Markus Jäger, Pascal Rüedi and Annette Weber.