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PAVIA E ANSALDO AND CLIFFORD CHANCE IN TUI’S ACQUISITION OF MUSEMENT

Milan, 14 September 2018 – TUI Group has undertaken to acquire 100% of the corporate capital of Musement S.p.A. of Milan from Micheli Associati, P101 SGR, 360 Capital 2011 Investments, Aginvest and InterWest Partners and further minority shareholders.

TUI Group is the world’s leading integrated tourism company. Musement provides destination services (services to travellers at the holiday location) through the internet. The acquisition further strengthens TUI’s Destination Experiences division, following the acquisition of the Destination Management business from Hotelbeds Group earlier this year.

Pavia e Ansaldo assisted TUI Group for all legal issues connected with the transaction with a team led by partner Sven von Mensenkampff (Corporate/M&A) with Luca Montolivo and Elena Biancotto (both Corporate/M&A), partner Valentina Simonelli and Francesco Vitella (both Employment, Benefits), Massimiliano Patrini (IP/IT), partner Filippo Fioretti (Antitrust, Competition) and partner Claudio Grisanti (Tax, Insurance).

Clifford Chance assisted the sellers, in particular Micheli Associati, P101 SGR, 360 Capital 2011 Investments, Aginvest and InterWest Partners with a team led by partner Paolo Sersale and counsel Filippo Isacco with senior associate Marina Mobiglia for employment law aspects.