GCA Altium advises Peakwork on its investment by Brockhaus Private Equity
Peakwork, established in 2009 and headquartered in Duesseldorf, is a highly innovative software specialist for the travel industry. Peakwork is a key trailblazer in the global trend towards digitalising the tourism sector: Peakwork’s unique Player-Hub-Technology® allows for travel offerings – ranging from packages to individual hotel offers and flights – to be distributed online and made available to consumers in real time via all sales channels, such as Google, Kayak, Tripadvisor or Facebook. Any data request from end users can be answered within milliseconds via Peakwork’s technology, a feed made possible through the background processing of billions of data sets. This unrivalled speed is a major reason why global tourism and online companies such as Google, Facebook and Tripadvisor are relying on this technology and have chosen Peakwork as their strategic partner.
The cross-industry fund “Brockhaus Private Equity III” 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.
This transaction marks GCA Altium’s second deal with Peakwork, having previously advised on the investment by TUI Ventures in November 2016.
All involved parties agreed not to disclose the terms of the transaction.