Hitz & Partner Corporate Finance AG hat die Kuoni Reisen Holding AG als Lead Advisor durch den Verkaufsprozess begleitet.
The deal
Hitz & Partner Corporate Finance acted as Lead Advisor in the disposal of Kuoni’s business division Business Travel (BTI Central Europe) to Hogg Robinson plc. The deal was completed 30 January 2004.
The background
Based on a strategic review in 2003, Kuoni decided to withdraw from its own business travel activities and to transfer its existing business Switzerland, Liechtenstein, Germany, Austria and Hungary which together employ a total of 1,600 staff to BTI Hogg Robinson. Hogg Robinson will thus own companies specialising in business travel under the BTI brand in 16 countries. BTI Central Europe has operated a strategic partnership with BTI since 1992. The unit’s turnover in 2002 was CHF 193 million.
The team
The Corporate Finance team comprised Stephan Hitz, Lead Advisor and Engagement Partner, Ami Toren, Martin Frey, Baker & McKenzie and Markus Bucher, PwC Zürich.
Managing Partner / Verwaltungsrat
Kuoni Reisen Holding AG has sold its business division Business Travel (BTI Central Europe) to Hogg Robinson plc.
Hitz & Partner Corporate Finance AG acted as Lead Advisor to Kuoni Reisen Holding AG.
Together for the Journey Ahead
