Brockhaus acquires minority stake in Peakwork

Brockhaus will acquire the stake through its cross-industry fund, Brockhaus Private Equity III, via a capital increase and the purchase of shares from existing shareholders, which will retain a majority holding in the company.

The company will use the extra capital to develop its product and continue to expand internationally. Its most recent new office was opened in Singapore in 2016.

Previous funding
In November 2016, TUI Group acquired a 15.4% stake in the company for an undisclosed sum. The latest capital increase dilutes its stake to 14.2%.

Company
Founded in 2009 and headquartered in Düsseldorf, Peakwork develops software for the travel industry. The software connects tour operators and service providers with hotel and flight providers. The platform is developed to cope with large traffic demands and is partnered with Google and IBM. The software is used in 29 markets globally and the company employs around 200 people.

People
Brockhaus Private Equity – Marco Brockhaus (CEO).
TUI Group – Frank Rosenberger (CIO).
Peakwork – Ralf Usbeck (CEO).

Advisers
Equity – P+P Pöllath + Partners (legal); AC Christies & Partner (financial due diligence, tax); TZ Consulting (technical due diligence).

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• Topics
• Expansion
• DACH
• Technology
• Minority investing
• Germany