International law firm Bryan Cave Leighton Paisner advised leading hospitality technology provider Pegasus on its merger with Travel Tripper in a combination backed by a substantial investment from Accel-KKR.
The significant transaction brings together two companies known for their industry-leading reservations, distribution, business intelligence and e-commerce platforms that empower hotel groups around the world.
The global BCLP team was led by Chicago Finance Partner Jason DeJonker in the US and London Finance Partner Ben Jones in the UK, with substantial assistance from Claire Wainwright, Will Hollins, Marc Trottier and Eva Holden (UK finance), Amit Parekh and Alejandro Montenegro (US M&A and corporate finance), Tim Glasgow, Derek Rose, Richard Harbot and Grace Tan (tax advice & controversy), Serena Yee and Mark Kaye (employment), Kate Brimsted (data protection) and David Dennison (pensions). BCLP’s counsel to the seller – and ability to provide advice across a number of different legal areas and in multiple jurisdictions – highlights both its strong hotel and technology practices as well as its strong international platform following the merger.
"This deal involved significant overlap between US and UK resources, including complicated UK transactional issues (and a sale process for the UK business in London) and tax and claim issues in the US,” DeJonker commented. “The US and UK teams worked collaboratively throughout the process, negotiating with several different third parties in the US and the UK in the course of closing the transaction with Pegasus and its related foreign entities.”