White & Case advises Wirtualna Polska on PLN 1 billion acquisition of Invia Group

Global law firm White & Case LLP has advised Wirtualna Polska group on the acquisition from European Bridge Travel a.s. (EBT) of 100 percent of the shares in Invia Group SE for more than PLN 1 billion (€239.7 million).

The other parties to the transaction are Rockaway Group a.s. and CITIC Europe Holdings a.s., as existing shareholders of the Invia Group and guarantors of EBT’s obligations resulting from the sale of the shares.

The Invia Group operates package holiday booking platforms in Germany, Austria, Switzerland, the Czech Republic, Slovakia and Hungary. In Poland, the Invia Group operates as Travelplanet.pl.

Completion of the transaction is contingent upon satisfying certain conditions, including a decision from the President of the Office of Competition and Consumer Protection granting consent for the acquisition and approval by the Shanghai United Assets and Equity Exchange of the purchaser of Invia shares under the procedure for the sale of assets of the People’s Republic of China.

The White & Case team that advised on the transaction included partner Rafał Kamiński (Warsaw), Hans-Georg Schulze (Berlin) and Alan Bao (Beijing), local partners Jakub Gubański (Warsaw), Jana Chwaszcz and Karel Petržela (both Prague), counsel Vladimír Ivančo (Prague) and associates Damian Lubocki, Karolina Kałucka, Iwo Małobęcki, Dominika Czarniak (all Warsaw), Fabian Mayer, Constantin Meimberg, Martin Junker (all Berlin), Justus Redeker (Frankfurt), Martin Riederer (Hamburg), Kamila Daňková, Barbora Smekalova, Barbora Vaculova (all Prague) and Qianru Hong (Shanghai).

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