Odewald buys Giata

The investment was made by Odewald's KMU division, which focuses on smaller buyouts; it invests between €5-30m of equity in companies with sales of up to €100m. Odewald KMU II held a final close on €200m in November 2015.

US-based listed technology company Sabre previously held a minority stake in Giata, which it sold to Odewald.

Company
Giata was founded in 1996 and is headquartered in Berlin. It provides a catalogue of hotels and tour operators to its customers in the travel industry. The company generates turnover between €25-50m, according to publicly available documents.

People
Giata – Andreas Posmeck (managing director).

Advisers
Company – Quarton International (corporate finance).

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• Topics
• Buyouts
• DACH
• Consumer
• Germany