Dentons has advised Resource Partners on its acquisition of an 80% stake in Interactive Travel Holdings, the parent company of the Romanian brand Vola.ro and Polish brand FRU.pl, which also operates in Bulgaria and Moldova, from 3TS Capital Partners and the Polish co-founders of FRU.pl. CMS and DLA Piper reportedly advised the sellers.
Resource Partners is a CEE-focused independent private equity firm.
According to Dentons, “the transaction is aimed at the company’s further development and expansion into new international markets, as well as at strengthening its position in the online travel industry.” Moreover, the transaction is “supporting a management buyout led by the Romanian management team. Daniel Truica will continue in his role as Group CEO of ITH, with a substantial minority stake. Furthermore, Resource Partners has chosen to retain the entire management team, a decision that reflects their confidence in the team's ability to drive the company's continued success and growth.”
The Dentons team included Warsaw-based Partners Piotr Dulewicz and Michal Wasiak, Counsels Natalia Lawniczak-Koziol and Maciej Marek, Senior Associate Marcin Przybysz, and Associates Marcin Urbanski, Aleksandra Redzisz, Weronika Urbszys, Barbara Domanska, and Karolina Gerula and Bucharest-based Partners Cristian Popescu and Raul Mihu, Senior Associates Cosmin Roman and Simona Moisa, and Associates Ruxandra Ronea, Mihut Radu, and Iulia Titirisca.
