* This marks the second transaction signed by CVC this month on which the Freshfields leveraged finance team has acted

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised CVC Capital Partners (‘CVC’), one of the world’s leading private equity and investment advisory firms, on CVC Fund VI’s acquisition of Etraveli, the global flight-centric online travel agency, from ProSiebenSat.1. The financial terms of the transaction were not disclosed, and the agreement is subject to approval by relevant authorities.

Based in Uppsala, Sweden, Etraveli is a global e-commerce platform for flight tickets, and it combines a leading position in the Nordics with a fast-growing international business. Etraveli fulfils over €2 billion in transactions annually across almost 50 countries, by delivering attractively priced flight content through its proprietary technology platform.

Freshfields advised on the debt financing aspects of the deal. The team was led by co-head of European leveraged finance Alex Mitchell and leveraged finance partner Denise Ryan. The team also included finance partner Mario Heuther in Frankfurt.

Alex and Denise also led on the debt financing elements of CVC’s recent acquisition of QA Group, the UK's leading provider of IT education and skills, making this the second transaction CVC have signed this month on which the Freshfields leveraged finance practice has acted.