GCA becomes part of Houlihan Lokey


Transaction Details

December 10, 2019


Technology, Software, SaaS, Travel & Hospitality Technology, Consumer / Retail / E-commerce / Leisure, Travel

Deal Type

Mergers and Acquisitions

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GCA Advises the Shareholders of Midoco on the Sale to LEA Partners

GCA is pleased to announce we advised the shareholders and management team on the sale of a majority stake in Midoco, a market-leading provider of midoffice software for all segments of the travel industry, to LEA Partners.

The Midoco Group comprises Midoco and Umbrella AG, which was acquired by the group in 2018. Midoco has customers in more than 60 countries and processes €13B ($14.4B) in travel revenue annually.

Midoco automates processes and workflows for travel agencies, travel management companies, online travel agencies and tour operators. Midoco has extensive experience in the automation of processes in the travel industry, and its software processes a total of six million airline tickets annually. More than 22,000 users work with Midoco software every day, and the company’s clients include TUI, Lufthansa City Center, Uniglobe Travel, First Business Travel and LMX Touristik.

Umbrella specializes in synchronizing the profiles of business travelers between booking systems. Umbrella also operates Umbrella.net, a web-based midoffice software.

LEA Partners, an entrepreneurial focused multistage private equity firm that backs and supports B2B technology companies, emerged as the ideal partner to support Midoco in its next growth phase due to its strong software focus.

Further details of the transaction were not disclosed.

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