June 30, 2017 | Announcements

GCA Advises Peakwork on Its Investment by Brockhaus Private Equity

GCA acted as exclusive financial advisor to Peakwork AG, a travel technology provider, on its investment by Brockhaus Private Equity. This transaction marks GCA’s 17th software and tech-enabled services advisory of 2017.

Peakwork, established in 2009 and headquartered in Düsseldorf, Germany, is a key player in digitizing the tourism industry. Peakwork’s software uses background dataset processing to achieve high processing speeds for large traffic sites. The company’s Player-Hub-Technology® makes travel offerings, such as hotel offerings and flights, available in real-time via sales channels including Google, Kayak, TripAdvisor and Facebook.

Brockhaus Private Equity is an independent growth investor focused on innovation and technology leaders. The cross-industry Brockhaus Private Equity III Fund acquired a stake in Peakwork via a capital increase and the purchase of shares from existing shareholders, who will continue to hold a majority stake in the firm.

Ralf Usbeck, CEO of Peakwork AG, said: “As well as taking our software to the next level of automation, we are currently on the brink of entering further new markets in Asia. At the same time, we are greatly strengthening our partner platform through the addition of global travel and hospitality offerings. The investment by Brockhaus Private Equity will help us gain additional speed, just as our first investor, TUI Ventures, has enabled us to grow more quickly.“

Terms of the transaction were not disclosed.

This deal adds to GCA’s extensive track record as a leading financial advisor for software and tech-enabled services clients, with the firm advising on 17 transactions since the start of 2017. Additionally, this is GCA’s second advisory with Peakwork, having previously advised on the investment by TUI Ventures in November 2016.

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