DUBAG Group settles first transaction for LEO II fund

As of December 23rd GfR (Gesellschaft für Reisevertriebssysteme mbH), which was a 100% subsidiary of the insolvent Thomas Cook Touristik GmbH, was acquired by LEO II. GmbH & Co KG – a PE fund founded in 2019 and advised exclusively by DUBAG!

GfR is a call center operator specialized in the travel sector and is seated in Bochum. The company will hence be supported by Philip Borbély, who is a successful turnaround manager and who has worked closely with the DUBAG team before.

The deal secured more than 500 jobs, which makes about half of the entire Thomas Cook work force.

We look forward to a successful year and would like to thank all our partners, lawyers and our team for their support in the deal!