Acquisition of the stake of Fedro S.A. in Freesailors Coöperatief U.A., the controlling shareholder of lastminute.com N.V. (SIX: LMN)
23 April 2021 – Fedro S.A. sold its participation in Freesailors Coöperatief U.A., the controlling shareholder of lastminute.com N.V. (SIX: LMN) to Sterling Strategic Value Fund and a pool of private investors. In this context, the Swiss Takeover Board confirmed that the transaction and the entering into of a shareholders’ agreement among the members of Freesailors does not trigger the obligation of the parties involved to launch a mandatory takeover offer pursuant to Art. 135 FMIA (decision published on: https://www.takeover.ch/transactions/document/id/3517 ).
lastminute.com N.V., whose shares are listed on the SIX Swiss Exchange Ltd, is a European leader in the online travel and leisure industry. Freesailors holds approximately 44.58% of the shares in lastminute.com N.V.
Walder Wyss advised lastminute.com N.V. and Freesailors Coöperatief U.A on the transaction. The team was co-led by Rafael Zemp (Capital Markets/M&A, Managing Associate) and Dimitrios Berger (Capital Markets/M&A, Senior Associate) and further included Florian Iten (Corporate/M&A, Trainee Lawyer) and Leandro Schafer (Corporate/M&A, Trainee Lawyer).