Bending Spoons seizes Komoot: Strategic Acquisition Announced
Deal News | Mar 21, 2025 | Finance Community IT - 1 Corporate M&A
Bending Spoons, an Italian technology firm, has acquired Komoot, a leading German platform for outdoor adventure planning. Komoot, which boasts a user base exceeding 45 million globally, has been supported by investors such as KRW Schindler, Outdoor Secondary, MBG Beteiligungsges. Berlin-Brandenburg, and LP Capital. The acquisition process was advised by several firms: Freshfields as legal advisor, EY Advisory handling financial and tax due diligence, with JP Morgan and Intesa Sanpaolo as financial advisors for Bending Spoons. Komoot's side was exclusively advised financially by Perella Weinberg Partners and legally by Osborne Clarke. Markus Hallermann, Komoot’s CEO, emphasized the need for new capabilities to scale operations, while Bending Spoons' CEO Luca Ferrari expressed enthusiasm over Komoot’s potential for further growth under their guidance.
Sectors
- Technology
- Outdoor Recreation
- Corporate Finance and Advisory
Geography
- Italy – Home country of Bending Spoons, the acquiring company.
- Germany – Location of Komoot, the acquired company.
- Europe – Both companies are based in Europe, and Komoot reportedly serves as a leading platform in this region.
Industry
- Technology – Involves Bending Spoons, a technology company focusing on platform development and innovation.
- Outdoor Recreation – Pertains to Komoot, a digital platform providing trail planning services for outdoor enthusiasts.
- Corporate Finance and Advisory – Includes various financial and legal advisors like Freshfields, EY Advisory, JP Morgan, and others involved in the M&A process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bending Spoons | Acquirer | Company | An Italian technology company specialized in developing and scaling platforms. |
| Komoot | Target | Company | A German platform for planning outdoor adventures with a user base of 45 million. |
| Freshfields | Legal Advisor | Company | Provided legal advisory services to Bending Spoons. |
| EY Advisory | Financial and Tax Due Diligence | Company | Conducted financial and tax due diligence for the acquisition. |
| JP Morgan | Financial Advisor | Company | Provided financial advisory services to Bending Spoons. |
| Intesa Sanpaolo | Financial Advisor | Company | Acted as financial advisor for Bending Spoons. |
| Perella Weinberg Partners | Exclusive Financial Advisor | Company | Served as exclusive financial advisor to Komoot. |
| Osborne Clarke | Legal Advisor | Company | Provided legal consultation to Komoot. |
| KRW Schindler | Investor | Company | One of the investors that supported Komoot. |
| Outdoor Secondary | Investor | Company | Investor involved with Komoot. |
| MBG Beteiligungsges. Berlin-Brandenburg | Investor | Company | Investor associated with Komoot. |
| LP Capital (Liquid Partners) | Investor | Company | Backed Komoot as an investor. |
| Markus Hallermann | CEO and Cofounder | Person | CEO and co-founder of Komoot. |
| Luca Ferrari | CEO and Cofounder | Person | CEO and co-founder of Bending Spoons. |