The FTI Group is the third largest tour operator in Europe (and includes FTI Touristik), and this investment will conclude the process to strengthen the capital and restructure the shareholder base of the FTI Group originally launched in September 2023.

The transaction is subject to customary regulatory approvals and other condition precedents as are typical for transactions of this type.

The Herbert Smith Freehills team was led by corporate partners Malcolm Lombers (London) and Christoph Nawroth (Germany) with assistance from counsels Martyn Jones and Sebastian Schuerer, senior associates Gregor Gordon and Phillip Kablitz, associates Nikesh Arya, Adriel Amoh and Bastian Held and trainees Abi Rayment and Emily Elmitt.

The wider deal team included: Steffen Hörner and Tatiana Günster (Tax); Fritz Kleweta and Tim Abendschein (Finance); Marcel Nuys, Lode Van Den Hende, Marius Boewe, Veronica Roberts, Florian Huerkamp, Morris Schonberg, Mirko Gleitsmann, Louis Austin and David Rasche (Competition, Regulation and Trade); and Frank Thompson (Insurance).