Dechert Advises Getaroom on its $1.2B Sale to Booking Holdings
Dechert is advising Getaroom, a Court Square Capital portfolio company, in its $1.2 billion sale to Booking Holdings Inc., a leading provider of online travel and related services. Getaroom is a technology-first, B2B-focused distributor of hotel rooms.
Completion of the acquisition is subject to customary closing conditions, including regulatory approval. At closing, U.S.-based Getaroom will roll into Booking Holdings’ Priceline brand.
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, Court Square has completed over 235 platform investments, helping managers, families and founder-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the business services, industrial, healthcare, and tech and telecom sectors. Court Square has $7.6 billion of assets under management and is based in New York, N.Y.
The Dechert team that advised Getaroom includes corporate partners Gregory Schernecke and Geraldine Sinatra and associate Chet Eckman and law clerk Stephen De Simone; finance partner Samantha Koplik; antitrust partners Clemens York and James Fishkin, counsels Michael Okkonen and Beverly Ang, and associates Adam Kidane and Dennis Schmelzer; tax partner Edward Lemanowicz and associates George Davis and Ishani Kundu; privacy & cybersecurity partner Timothy Blank and associate Michael Tierney; employee benefits partner Howard Klein and associate Jake Phillips; and labor partner Jeffrey Rubin.
Dechert is a leading global law firm with 22 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.