CMS Advises on Slevomat Sale to Secret Escapes

CMS Advises on Slevomat Sale to Secret Escapes

Czech Republic
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CMS has advised investment companies Miton, Enern, and In-Bridge, on their sale of Slevomat Group, a company holding deal websites in the Czech Republic and Slovakia, to UK-based travel company Secret Escapes. 

According to CMS, "through its websites Slevomat offers discounts on travel and entertainment packages and a range of other goods and services. It has over a million customers globally and a turnover of around EUR 90 million." In addition, the firm reports, "Secret Escapes was founded in 2011 and it is currently active in 21 markets in Europe, America and Asia. It is backed by a number of investors including Google Ventures. The company is rapidly growing company and expanded into the Czech Republic, Slovakia, and Hungary last year under its Travelist brand. The transaction was the largest acquisition of the company to-date. The deal value remains undisclosed." 

The CMS team was led by Partner Helen Rodwell and included Frances Gerrard, Lucie Halloova, Andrea Cervenkova, Pavel Kocian, Jamie Gordon, Filip Gvozdek and Jiri Petura.

CMS did not identify counsel for the buyers on the deal.