Deals & Cases
MLL Legal Advised Yokoy in its Sale to TravelPerk
The shareholders of Yokoy Holding AG recently completed their successful sale of Yokoy to TravelPerk, Inc. MLL Legal acted as Swiss legal counsel to Yokoy and its founders in the closing of the transaction and supports Yokoy in Swiss regulatory post-closing matters. Previously, MLL Legal advised Yokoy in the extension of its series B financing and the implementation of its holding structure.
Yokoy is a Swiss-rooted leading provider for expense management, which had been funded by Sequoia Capital, Speedinvest, Visionaries Club, Zinal Growth, Balderton Capital, SIX FinTech Ventures, Left Lane, and Swisscom Ventures. TravelPerk, founded in Barcelona, Spain, is a leading business travel platform. Concurrently with the announcement of the acquisition of Yokoy, TravelPerk announced a new series E fundraise of USD 200m, led by Atomico and including EQT Growth, Noteus Partners, Kinnevik, and General Catalyst, valuing TravelPerk at USD 2.7 billion. Together, TravelPerk and Yokoy launch into the next chapter of global zero-touch intelligent spend management, offering customers in Europe a fully integrated travel and expense platform.
The MLL Legal team was led by partner Marc A. Schamaun (Corporate/M&A) and included partner Reto Luthiger (Regulatory), associates Diana Lafita (Regulatory), Karim Steiner (Corporate/M&A, Notary), and Fabian Bögli (Corporate/M&A), as well as junior associate Gianluca Bonatesta. Herbert Smith Freehills acted as global transaction counsel to Yokoy. A&O Shearman acted as global counsel and Lenz & Staehelin as Swiss counsel to TravelPerk.
