Bending Spoons Acquires Komoot to Boost Outdoor Tech Offerings
Deal News | Mar 21, 2025 | Legal Community Italy
Bending Spoons, a technology company headquartered in Italy, has successfully acquired Germany-based Komoot, a leading platform for outdoor adventure planning. To facilitate this transaction, Bending Spoons leveraged the legal expertise of Freshfields. EY Advisory conducted the financial and tax due diligence, while JP Morgan and Intesa Sanpaolo served as financial advisors. Komoot, with a user base of 45 million, has grown significantly since its modest beginnings, becoming the foremost platform for outdoor enthusiasts in Europe. The company has received support from investors like KRW Schindler, Outdoor Secondary, MBG Beteiligungsges. Berlin-Brandenburg, and LP Capital. CEO and co-founder Markus Hallermann emphasized the need for new strategic partnerships to guide Komoot into the future, citing Bending Spoons' unique expertise in innovation and platform growth. Luca Ferrari, CEO and co-founder of Bending Spoons, expressed admiration for Komoot's achievements and confidence in supporting its continued expansion through Bending Spoons' technological prowess.
Sectors
- Technology
- Outdoor and Recreational Services
- Finance and Advisory
- Legal Services
Geography
- Italy – Bending Spoons, the acquiring company, is headquartered in Italy.
- Germany – Komoot, the target company, is based in Germany.
- Europe – Komoot has established itself as the leading platform of its kind in Europe, and the main participants in the article are based in European countries.
Industry
- Technology – Bending Spoons operates in the technology sector, as it is a technology company with expertise in platform innovation and growth.
- Outdoor and Recreational Services – Komoot is a platform serving outdoor enthusiasts, falling within the outdoor and recreational services industry.
- Finance and Advisory – The involvement of financial advisors like JP Morgan, Intesa Sanpaolo, and EY Advisory highlights the role of finance and advisory services in the transaction.
- Legal Services – The participation of legal advisors such as Freshfields and Osborne Clarke emphasizes the importance of legal services in facilitating M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bending Spoons | Buyer | Company | An Italian technology company acquiring Komoot. |
| Komoot | Target | Company | A German platform for planning outdoor adventures acquired by Bending Spoons. |
| Freshfields | Legal Advisor | Company | Provided legal advisory services for Bending Spoons in the transaction. |
| EY Advisory | Due Diligence | Company | Conducted financial and tax due diligence for Bending Spoons. |
| JP Morgan | Financial Advisor | Company | Acted as financial advisor to Bending Spoons. |
| Intesa Sanpaolo | Financial Advisor | Company | Also acted as financial advisor to Bending Spoons. |
| Perella Weinberg Partners | Financial Advisor | Company | Served as exclusive financial advisor to Komoot. |
| Osborne Clarke | Legal Advisor | Company | Provided legal advisory services to Komoot. |
| KRW Schindler | Investor | Company | An investor supporting Komoot. |
| Outdoor Secondary | Investor | Company | An investor supporting Komoot. |
| MBG Beteiligungsges. Berlin-Brandenburg | Investor | Company | An investor supporting Komoot. |
| LP Capital (Liquid Partners) | Investor | Company | An investor supporting Komoot. |