HomeToGo set to acquire Swiss rental firm Interhome
Deal News | Feb 13, 2025 | Legal Community Swiss
HomeToGo, a publicly listed German company known for its SaaS-supported vacation rental marketplace, has announced the acquisition of Swiss vacation rental management company Interhome from the major Swiss retailer Migros. The deal amounts to a purchase price of CHF 150 million with deferred payments up to CHF 85 million payable until 2029. This acquisition will be financed through a mix of new equity, senior debt, and available net cash, and the transaction is expected to close in the first half of 2025, contingent on regulatory approvals. Homburger, a Swiss law firm, provided advisory services to HomeToGo on Swiss law and tax matters. They collaborated with a German team from Linklaters to facilitate the deal. The team at Homburger, led by Corporate and M&A partner Frank Gerhard, included experts across various legal and advisory specialties.
Sectors
- Vacation Rentals
- Legal Services
Geography
- Switzerland – Interhome and its seller Migros are based in Switzerland, and Swiss legal services are provided by Homburger.
- Germany – HomeToGo is a German company, involved in the acquisition as a buyer.
Industry
- Vacation Rentals – The article involves companies that operate within the vacation rental industry, specifically with platforms that manage and provide solutions for vacation properties.
- Legal Services – Homburger is providing legal advisory services in this transaction, making the legal services industry relevant to the article.
Financials
- CHF 150 million – Purchase price agreed upon for Interhome.
- CHF 85 million – Deferred payments that may become due in tranches until 2029.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HomeToGo | Buyer | Company | A German-listed company providing a SaaS-supported marketplace for vacation rental solutions. |
| Interhome | Target Company | Company | A Swiss vacation rental management company. |
| Migros | Vendor | Company | A prominent Swiss retailer selling Interhome. |
| Homburger | Legal Advisor | Company | A Swiss law firm advising HomeToGo on Swiss law and tax aspects of the deal. |
| Linklaters | Legal Advisor | Company | A German legal team collaborating with Homburger on the project. |