eTravel Gains Boost with Enterprise Investors' EUR 58 Million Infusion
Deal News | Jan 16, 2025 | CEE Legal Matters
DLA Piper has guided Enterprise Investors on a significant EUR 58 million investment in eTravel, a leading corporate travel management company in the CEE region. This capital injection also sees collaboration with the European Bank for Reconstruction and Development (EBRD) as a co-investor. Established in 2006, eTravel provides advanced travel management solutions via its Corporate Travel Assistant platform. The legal team from DLA Piper included Partner Rafal Kluziak, supported by Counsels Michal Banasiak, Izabela Gebal, and Senior Associate Karolina Pichit. Responding to the growing demand in corporate travel, this investment aims to strengthen eTravel's market position. While DLA Piper has not issued an official comment on this transaction, the investment underscores the strategic importance of the CEE region in corporate travel technologies.
Sectors
- Corporate Travel Management
- Legal Advisory
- Private Equity
- Banking
Geography
- Central and Eastern Europe (CEE) – eTravel operates predominantly in the CEE region, making it significant for the geographical focus of the transaction.
Industry
- Corporate Travel Management – eTravel operates within the corporate travel management sector, providing booking and management services in the CEE region.
- Legal Advisory – DLA Piper, a law firm, provided legal advisory services for the investment transaction.
- Private Equity – Enterprise Investors, a private equity fund, led the investment in eTravel.
- Banking – The European Bank for Reconstruction and Development (EBRD) participated as a co-investor, indicating the banking industry's role in investment backing.
Financials
- EUR 58 million – The total amount invested by Enterprise Investors and the EBRD in eTravel.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| eTravel | Target Company | Company | A corporate travel management company operating in the CEE region. |
| Enterprise Investors | Bidding Company | Company | A private equity firm investing EUR 58 million in eTravel. |
| European Bank for Reconstruction and Development | Co-Investor | Company | A financial institution co-investing alongside Enterprise Investors in eTravel. |
| DLA Piper | Legal Advisor | Company | An international law firm advising Enterprise Investors on the investment. |
| Rafal Kluziak | Partner | Person | Partner at DLA Piper, involved in advising on the investment deal. |
| Michal Banasiak | Counsel | Person | Counsel at DLA Piper, part of the legal advisory team. |
| Izabela Gebal | Counsel | Person | Counsel at DLA Piper, part of the legal advisory team. |
| Karolina Pichit | Senior Associate | Person | Senior Associate at DLA Piper, part of the legal advisory team. |