Mayer Brown has advised TUI Group, one of the world’s leading tourism groups, on the sale of its minority stake in InteRes Gesellschaft für Informationstechnologie mbH (“InteRES”) to Juniper Group, an operating group of Vela Software and Constellation Software, Inc. (TSX:CSU). The transaction also included the sale of all shares held by the main shareholder.
InteRES is a leading connectivity and digital retailing specialist in the airline industry. Founded in 1996 and rapidly growing with the rise of the Internet, InteRES has always been at the forefront of the technological development of the industry.
Peakwork, who joined Juniper Group back in April 2023, had internally sponsored this transaction for its and the rest of Juniper Group’s travel businesses to materially increase their expert power in complex connectivity and digital retailing solutions, as well as to strengthen their offering to their long-standing partners in the airline industry.
Mayer Brown regularly advises TUI Group on transactions, including the investment in Peakwork in 2016 and the sale of its stake in Peakwork in 2023.
The Mayer Brown team was led by Corporate & Securities partner Dr. Jan Streer (Düsseldorf) and included counsel Dr. Tobias Reiser (Frankfurt), and associate Lars Schinkel (Düsseldorf). On the TUI Group side, the transaction was managed by Martin Firnhaber (In-house Senior Legal Adviser).
