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COBALT advised Otravo on the acquisition of UAB Interneto partneris

2017-10-23

COBALT represented Otravo, one of the largest online travel agencies in Europe, on the acquisition of UAB Interneto partneris, operating such reservation systems and platforms as greitai.lt, flysiesta.lv, bookinghouse.ee, flyhi.se, eticket.fi, etc.

UAB Interneto partneris started its operations in 2002 under trademark greitai.lt and currently provides online flight ticketing services in thirteen countries. UAB Interneto partneris has developed effective online ticketing software and tools, which ensure the Company’s competitiveness and growth at international level.

Otravo is the market leader in air travel sales in the Benelux and Scandinavia. Among the group’s brands are Vliegtickets.nl, Vliegtickets.be, WTC.nl, Schipholtickets.nl, Flygstolen, and Tripmonster. This transaction will enable Otravo to expand its activities in the Baltics.

COBALT team conducted due diligence of UAB Interneto partneris, drafted the share purchase agreement and other transaction documents, represented Otravo in negotiations and advised it on all other transaction-related matters. The project was led by Partner Elijus Burgis, with a significant contribution of Associate Evaldas Petraitis to the implementation of the transaction.