London—Dentons has advised KKR, a leading global investment firm, on its acquisition of UK-headquartered Travelopia, one of the world's leading specialist travel groups, from TUI AG. The announced acquisition value is US$407 million.

Travelopia, which has been acting as an independent arm of TUI's business following the merger of TUI AG and TUI Travel in 2014, provides unique travel experiences for its customers.  Following the acquisition, KKR will acquire over 50 of Travelopia's global brands including Hayes & Jarvis, Sunsail, Citalia and Le Boat.  KKR will leverage its travel and leisure experience to support Travelopia on its growth plans and other initiatives.

Commenting on the acquisition, Corporate partner Stephen Levy said, "We are delighted to have advised KKR on this transaction."

The Dentons team was led by Stephen Levy with support from Regulatory managing associate Rebecca Owen-Howes, associate Sophie Albrighton, all based in London.  Additional support was provided by Corporate partners Dr. Rebekka Hye-Knudsen and Thomas Schubert and Counsel Dr. Maria Brakalova in Berlin, as well as Corporate partner Igsaan Varachia and Tax senior associate Dr. Andreas Berberich in Munich.  Dentons teams in  Canada and France also assisted.

Dentons' UK private equity team has been working with buyout funds, venture capitalists, other institutional investors and entrepreneurs for many years, helping them to raise capital and source, finance and complete transactions around the world.  Dentons has over 200 specialist lawyers globally working on private equity transactions.

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