Simpson Thacher is representing Tourico Holidays in connection with its acquisition by Hotelbeds Group, a portfolio company of Cinven and Canada Pension Plan Investment Board. The transaction is subject to regulatory approvals and other customary closing conditions.

Tourico Holidays is a leading global travel distribution company that contracts directly with travel providers such as hotels, airlines, cruise lines, car rental companies and vacations homes. The company works on a high volume, wholesale model to broker this inventory to almost 5,000 clients in 100 countries around the world using proprietary technology.

Hotelbeds Group is a business-to-business provider of services to the global travel industry, operating primarily under the Hotelbeds and Bedsonline brands and connecting 35,000 travel intermediaries with travel providers in over 180 countries.

The Simpson Thacher team includes Sebastian Tiller, Andrew Edelen and Yoonji Woo (M&A); Brian Gluck (Credit – New York); Shahpur Kabraji (Credit – London); Rob Holo, Michael Badain and Morgan Otway (Tax); Andrew Blau, Alina Grinman and Chris Scavone (Executive Compensation and Employee Benefits); Peter Guryan, Ellen Frye and Mathieu Coquelet Ruiz (Regulatory); Marcela Robledo (Intellectual Property); and Gary Horowitz (M&A).