Global Leisure Partners LLP
20 Balderton Street, London, W1K 6TL, United Kingdom
Tel: +44 (0) 20 7016 8050, Fax: +44 (0) 20 7016 8060
Email: info@glp.uk.com
Web: www.globalleisurepartners.com
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News

September, 2019
KKCG has signed an agreement to sell the FISCHER Travel Group to EXIM Holding a.s., the travel division of DER Touristik Group in the Czech Republic, Slovakia, Poland and Hungary


KKCG is a financial investment group established by the entrepreneur Karel Komárek. It has signed an agreement to sell Fischer to DER Touristik, a division of the German retail and tourism co-operative, REWE Group. Fischer is a leading travel group in the Czech Republic and Slovakia, serving more than 450,000 customers annually through the Fischer and Priveleq tour operators, the market leading Nev-Dama winter sports division and the online eTravel portal. Under the new stucture Fischer will become part of Exim Holding, the tourism division of DER Touristik that operates in the Czech Republic and Poland as EXIM Tours, and as KARTAGO Tours in Slovakia and Hungary. DER Touristik is active in 15 European source markets and offers holiday trips and business travel all over the world.

Global Leisure Partners acted as sole financial advisor to KKCG in this transaction. The transaction is subject to approval by the Czech Office for the Protection of Competition.

Simon Dunn, Operating Partner of Global Leisure Partners, added:

"KKCG rescued Fischer from financial distress in 2003 and has developed a platform, through astute organic development and effective acquisitions, offering industry-leading travel options to Czech and Slovakian customers, under the leadership of Jiri Jelinek, CEO. GLP is pleased to have advised KKCG in transitioning Fischer into the next chapter with EXIM Holding, a division of DER Touristik. We are confident that under EXIM, the group will further enhance the travel and tourism aspirations of Czech and Slovakian consumers in the future.”

Global Leisure Partners
+44 (0) 020 7016 8050


Important Notice:

Global Leisure Partners LLP ("GLP") is authorised and regulated in the UK by the Financial Conduct Authority. Global Leisure Partners LLC, a subsidiary of GLP, is a broker-dealer registered in the US with the Securities and Exchange Commission and is a FINRA member firm. Global Leisure Capital Partners LLC ("GLCP"), a wholly-owned subsidiary of GLP, is the principal investment arm of GLP and registered with the SEC as an Investment Adviser. All rights reserved. GLP specifically prohibits the redistribution of this material and accepts no liability whatsoever for the actions of third parties in this respect.
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