Homburger advised SoftBank Vision Fund in its investment in GetYourGuide's Series E financing round
On May 16, 2019, GetYourGuide AG (GetYourGuide) announced having closed a Series E financing round of CHF 484 m from a consortium led by the SoftBank Vision Fund (SoftBank). The financing round was joined by co-investors Temasek, Lakestar, Korelya Capital and Heartcore Capital.
The Series E financing comes at a time of significant growth and evolution for GetYourGuide, which has now sold over 25 m tickets to tours and activities through its platform. The global market for tours and activities is expected to reach USD 183 bn in 2020 and represents the fastest-growing major segment of the global tourism industry. To capture the market opportunity, GetYourGuide plans to invest the Series E funding in broadening its global inventory of experiences, deepening the capabilities of its platform to enhance the discovery and booking experience for users, and expanding and diversifying its marketing channels to reach millions of new travelers around the world.
Homburger acted as legal advisor to SoftBank in connection with its investment in GetYourGuide.
The Homburger team was led by partner Frank Gerhard (Corporate / M&A) and included partners Reto Heuberger (Tax) and Georg Rauber (IP / IT), lead associate Guy Deillon (Corporate / M&A), associates Luca Dal Molin, Jeremy Reichlin (both IP / IT) and Marc Vogelsang (Tax), as well as junior associate Luca Baltensperger (Corporate / M&A). Weil, Gotshal & Manges LLP acted as US counsel to SoftBank.