TravelPerk Expands with Acquisition of Yokoy
Deal News | Apr 11, 2025 | Legal Community Swiss
TravelPerk, a global travel management company based in Barcelona, has successfully acquired Zurich-based Yokoy, a firm specializing in spend management solutions. This alliance, built on past collaboration since 2020, aims to enhance service offerings to clients like Breitling and Medskin. Legal advice for TravelPerk was provided by Lenz & Staehelin along with international counsel by A&O Shearman, while Yokoy was represented by Walder Wyss with Herbert Smith Freehills as international counsel. The teams involved in the deal consisted of experts in corporate, M&A, tax, and financial services regulation, highlighting the significant resources leveraged to finalize the transaction.
Sectors
- Travel Management
- Financial Technology (FinTech)
- Legal Services
Geography
- Switzerland – Yokoy is based in Zurich, Switzerland, and was one of the companies involved in the acquisition.
- Spain – TravelPerk is headquartered in Barcelona, Spain, and led the acquisition of Yokoy.
Industry
- Travel Management – TravelPerk is a global travel management company that facilitates business travel arrangements.
- Financial Technology (FinTech) – Yokoy provides a spend management platform that leverages AI and analytics to manage expenses, invoices, and payments.
- Legal Services – The transaction involved legal advisory services from law firms Lenz & Staehelin and Walder Wyss along with their international counterparts.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TravelPerk | Acquiring Company | Company | A Barcelona-based globally active travel management company. |
| Yokoy | Target Company | Company | A Zurich-based firm specializing in AI-driven spend management solutions. |
| Walder Wyss | Legal Advisor for Yokoy | Company | The law firm advising Yokoy on the acquisition. |
| Lenz & Staehelin | Legal Advisor for TravelPerk | Company | The law firm representing TravelPerk in the acquisition. |
| Herbert Smith Freehills | International Counsel for Yokoy | Company | Provided international legal support alongside Walder Wyss. |
| A&O Shearman | International Counsel for TravelPerk | Company | Provided international legal support alongside Lenz & Staehelin. |