Global law firm Dentons has advised Thomas Cook Group plc on the acquisition of a 42 percent stake in tour operator Aldiana from Swiss investment company LM Investments. The transaction is subject to regulatory approval in Germany and Austria. The deal is part of a strategic partnership between Thomas Cook and LMYE Investments, which will allow both companies to further invest into vacation clubs and hotel complexes.

Aldiana currently operates eight club resorts located in Spain, Greece, Cyprus, Tunisia and Austria. Upon completion of this transaction, Thomas Cook will enlarge its portfolio to 190 hotels and resorts in 17 countries worldwide.

A cross-border Dentons team, headed by partners Jonathan Cantor in London and Dirk-Reiner Voss in Berlin, advised Thomas Cook on corporate and real estate law, as well as financing and antitrust issues. Dentons teams in Madrid and Casablanca also assisted on the deal.
Advisors to Thomas Cook Group plc:

Dentons (London): Jonathan Cantor (Partner, Corporate), Richard Macklin (Partner, Corporate), Christopher Winn (Senior Associate, Corporate), Baljeet Panesar (Senior Associate, Corporate), James Davison (Associate, Corporate)

Dentons (Berlin): Dirk-Reiner Voss (Partner, Real Estate), Dr. Matthias Santelmann (Partner, Corporate/M&A), Jan Hellner (Partner, Hospitality), Dr. Rene Grafunder (Partner, Antitrust), Dr David Lange (Counsel, Real Estate), Dr Dominik Kuhn (Associate, Corporate), Anna Ritte (Associate, Antitrust)

Dentons (Madrid): Jesus Varela Fernandez (Partner, Real Estate), Antonio Garcia (Associate, Real Estate), Isabel Reyna (Junior Associate, Real Estate)

Dentons (Casablanca): Patrick Larrive (Partner, Corporate),  Zakia Jabri-Abbadi (Associate, Corporate), Mbarka Oubarka (Associate, Real Estate), Zineb Tayaa (Senior Associate, Corporate), Yassine Bekkouri (Associate)