GCA Altium

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December 10, 2019 | Deals

GCA Altium advises the shareholders of Midoco on their sale to LEA Partners

GCA Altium has 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 EUR 13bn in travel revenue annually.

Midoco is based in Hilden, Germany and was founded in 2005. The company 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 its clients include TUI, Lufthansa City Center, Uniglobe Travel, First Business Travel and LMX Touristik.

Umbrella, headquartered in Wetzikon, Switzerland, specializes in synchronizing the profiles of business travellers between booking systems. Umbrella also operates Umbrella .net, a web-based midoffice software. Umbrella is active worldwide.

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GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.