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Buzescu Ca Advises Travelport on Acquisition

Romania
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Travelport has acquired the assets of the Romanian subsidiary of Hotelzon as part of its global acquisition of the company.

Hotelzon, which is headquartered in the United Kingdom, has offices in Finland, Sweden, and Romania. The deal was announced on June 12, 2014, and the sale price was not disclosed.

Established in 1972 and previously owned by Esa Karppinen for 28 years, Hotelzon is a leading hotel distribution technology provider for the B2B market. Hotelzon offers services for corporate business travelers, hotels and travel professionals. It has approximately 80 employees. Travelport is a leading travel commerce marketplace providing distribution, technology, payment and other solutions. With a presence in over 170 countries and approximately 3,600 employees, it reported a 2013 net revenue of USD 2.1 billion.

According to industry sources, Travelport was advised on Romanian elements of the deal by the Buzescu Ca law firm.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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