Hogan Lovells has advised Russian private equity company Elbrus Capital on its co-investment with iTech Capital into Aviasales.
Aviasales is an airline ticket merchant and comparison platform.
According to Hogan Lovells, “the funds raised will be used to launch new products, to increase marketing investments in Russia, the CIS countries, and new markets, to develop a service for organizing business trips, as well as to create a global platform [for] automated affiliate marketing Travelpayouts.”
Hogan Lovells’s team included London-based Partner Georgy Kalashnikov and Associate Nick Edwards, Hong Kong-based Partner Andrew McGinty and Senior Associate Sherry Xiao, and Moscow-based Counsel Leonid Ervits.