Gleiss Lutz advises Tripadvisor on the acquisition of restaurant reservation platform Delinski

Gleiss Lutz has advised US-listed Tripadvisor on the acquisition of Delinski GmbH via its subsidiary The Fork. The transaction was completed on 3 June 2020. The parties have agreed not to disclose the purchase price.

The start-up Delinski was founded in 2012 in Vienna and is currently one of the biggest online restaurant reservation platforms in the German-speaking market. The company is headquartered in Munich and started operating in Germany in 2019. Via Delinski’s website, customers can book a table in first-class restaurants and get attractive discounts on their restaurant bill in return.

Headquartered in Needham, Massachusetts, Tripadvisor, operates the world‘s biggest online travel website which allows users to post testimonies and evaluations. Customers can also book hotels, holiday apartments, restaurants and other activities via its website. Tripadvisor’s annual revenue in 2019 amounted to USD 1.56 billion. The Fork is a leading online reservation platform in Europe, Latin America and Australia with more than 70,000 restaurants in its portfolio.

Gleiss Lutz has repeatedly advised Tripadvisor, most recently in connection with its acquisition of a minority stake in Delinski in September 2019.

Tripadvisor was advised by the following Gleiss Lutz team led by Dr. Christian Cascante (partner): Dr. Markus Martin (both M&A, Frankfurt/Stuttgart); Dr. Stefan Mayer (partner), Dr. Marcel Duplois (both tax, Frankfurt), Johannes Schrägle (counsel), Nikolas Frey, Karen Gräfin vom Hagen (all M&A, Stuttgart), Dr. Iris Benedikt-Buckenleib (counsel, antitrust/competition) and Dr. Manuel Klar (data protection law, both Munich).