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AL-KO SE acquires the Inter-Connect Group

M&A - Sell Side Advisory and Corporate Finance Advisory

Project Description

Kloepfel Corporate Finance exclusively advises the shareholders of the Inter-Connect Group on the acquisition to AL-KO SE

Munich, December 2017 – Kloepfel Corporate Finance GmbH acted as exclusive M&A advisor to the selling shareholders of the Inter-Connect Group (Inter-Connect) on the sale of all shares to AL-KO SE (AL-KO) based in Munich.

Inter-Connect was founded more than 20 years ago by Mr. Bernhard Peter Franz and has since then focused on the mediation and organization of international travel. The main business is the marketing of cruises of well-known shipping companies such as Princess Cruises, Carnival Cruise Line and Cunard as well as the representation and marketing of hotels in the Caribbean and the USA. The group of companies, with locations in Germany, Austria and Switzerland, generates sales of around EUR 50 million.

AL-KO, headquartered in Munich, Germany, is a multinational family-owned company with a stake in the IT group CANCOM AG. AL-KO employs more than 4,000 people in its subsidiaries at 45 locations worldwide. AL-KO sees itself as a partner of its subsidiaries, who supports them in their growth ambitions with regard to a long-term increase in value, while maintaining as independent as a company can be.

With regard to the strategic development of Inter-Connect, AL-KO aims to consistently expand its position as a leading travel agent and partner of cruise companies and hotels in German-speaking countries. The growth path that has been embarked upon shall be pursued while maintaining the highest possible degree of independence of the Inter-Connect Group.

“Such an international M&A process should not be underestimated in terms of its complexity and tasks, which is why I am all the more pleased that with Kloepfel Corporate Finance I had such a reliable partner at my side, who supported me in all questions in every phase of the project: preparation, marketing, due diligence and negotiation” says Bernhard Peter Franz, managing partner of Inter-Connect.

Kloepfel Corporate Finance has structured a competitive M&A process in order to find the best succession solution for the Franz family and the right partner for Inter-Connect to accompany and support the further growth path.

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