TUI AG successfully secures stabilization funding of Euro 1.2 billion from German government
In October 2020, a comprehensive review and analysis of TUI Group’s application was carried out by Lincoln International and Oliver Wyman for this financing package, which consisted of an increase of the existing KfW tranche by Euro 1.05 billion and a convertible bond of Euro 150 million.
The Economic Stabilization Fund (WSF) serves to stabilize German companies from across the real economy which have been facing difficulties as a result of the COVID-19 pandemic with a total volume of Euro 600 billion, of which Euro 400 billion has been earmarked for the purpose of insuring liabilities by means of federal guarantees. Up to Euro 100 billion have been reserved for direct lending measures aimed at strengthening companies’ equity and another Euro 100 billion for recapitalization purposes.
TUI AG, headquartered in Hanover, Germany, is the world’s leading tourism group. The group activities consist of tour operators, 1,600 travel agencies, multiple online portals, five airlines with around 150 aircrafts, over 400 hotels, 17 cruise liners and many incoming agencies in all major holiday destinations around the globe. TUI covers the entire tourism value chain under one roof. In the 2019 financial year, TUI Group, with a headcount of around 70,000, recorded turnover of about Euro 19 billion and an operating result of Euro 893 million. The TUI Group’s share is listed in the FTSE 250 index, in the Quotation Board of the Open Market on the Frankfurt Stock Exchange and on the regulated Market of the Hanover Stock Exchange.
Meet our Senior Team
I am enthusiastic about creating sustainable growth and the highest value for our clients, and strive to leave a positive footprint beyond any successful M&A transaction.
Managing Director | Management Board MemberFrankfurt
View More Transactions
Lincoln International is pleased to announce that HVR Software, a portfolio company of Level Equity, has agreed to be sold to Fivetran, a portfolio company of Andreessen Horowitz, General Catalyst and ICONIQ Capital in a cash-and-stock deal valued at $700 million
Lincoln International is pleased to announce that ARK Agency has been sold to OPEN Health, a portfolio company of Amulet Capital Partners
Lincoln International is pleased to have represented the shareholders of Epsilon Global Communications on its sale to KT Corporation and Daishin Private Equity for an enterprise value of $145 million
Lincoln International is pleased to have represented CapMan Buyout in the divestment of Solera Beverage Group to the listed beverage company Royal Unibrew
Lincoln International is pleased to announce that it rendered a fairness opinion in connection with this transaction
Lincoln International is pleased to announce that Hg has agreed to make a strategic investment in HHAeXchange
Lincoln International is pleased to announce that Sumeru Equity Partners has sold Azuga to Bridgestone Americas, Inc.
Lincoln International is pleased to announce that it has advised Corndel, a portfolio company of THI Investments, on its recapitalization