Hogan Lovells advised Deutsche Bank on financing the acquisition of @Leisure group
A cross-practice and cross-border Hogan Lovells team has advised Deutsche Bank on financing the acquisition of @Leisure group, a Dutch property management business by Oyo, a fast growing Indian hotel chain backed by heavyweights Softbank, Airbnb, Lightspeed Venture Partners, Sequoia Capital and Greenoaks Capital.
Oyo's acquisition of @Leisure group from German media group Axel Springer is its first foray in the European market. @Leisure manages 30,000 holiday homes in 13 European countries, and lists a further 85,000 on its online booking platform.
Led by Amsterdam Banking partner Wouter Jongen and senior associate Siddharth Saxena, teams in London, Frankfurt, Singapore and Amsterdam advised Deutsche Bank on the financing, corporate and tax aspects of the transaction, with local counsel teams in Denmark and Switzerland.
Wouter Jongen, a partner at Hogan Lovells in Amsterdam, said:
"We were delighted to work on this important transaction for Deutsche Bank, as part of the broad work that we do with them. It demonstrates our expertise in the acquisition finance market, particularly in Benelux."
The team included:
Amsterdam
Wouter Jongen, Partner, Banking
Peter Stokking, Counsel, Banking
Siddharth Saxena, Senior Associate, Banking
Anton Louwinger, Partner, Tax
Alexander Fortuin, Senior Associate, Tax
Art van der Pols, Senior Associate, Banking
Jan-Willem Boer, Junior Associate, Banking
Ilene Baltes, Junior Associate, Banking
London
Paul Mullen, Partner, Banking
Scott Gibson, Senior Associate, Banking
Jessie Wong, Trainee Solicitor, Banking
Frankfurt
Katlen Bloecker, Partner, Banking
Maria Eugenia Fojo, Senior Associate, Banking
Singapore
Alexander McMyn, Partner, Banking
Kaveeta Sandhu, Senior Associate, Banking
Margaux Ith, Paralegal, Banking
About Hogan Lovells
About Hogan Lovells in Amsterdam:
From the office in Amsterdam, around 120 professionals serve national and international clients in solving complex legal and tax issues and they offer legal guidance on matters such as acquisitions, financing and disputes. National knowledge and experience are combined with specific sector knowledge and international expertise.
Hogan Lovells is a full service law firm. On more than six continents, more than 2,800 lawyers, notaries and tax advisors work together in around 50 offices. Social involvement is one of the core values of Hogan Lovells. All employees are asked to spend at least 25 hours a year on socially relevant volunteering.
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