LEA Partners completes refinancing of TAC

Niederer Kraft Frey advised LEA Partners (“LEA“) on the refinancing of its acquisition of TAC, a leading provider of software solutions for high-end hospitality and leisure operators. The refinancing supports LEA’s acquisition of TAC from Clubessential Holdings and underpins the company’s continued growth strategy.

Founded in 2001, TAC is a leading provider of software solutions for hotel spas, thermal baths and fitness clubs. More than 1,200 customers in over 70 countries use TAC’s modular all-in-one platform to simplify daily operations, deliver a seamless guest experience and grow their business.

With over EUR 2 billion in cumulative capital commitments, LEA is an entrepreneurial-minded multi-stage private equity firm investing in technology companies that are driving transformative change in their industries. Since 2016, the 35-strong team from Karlsruhe has successfully supported more than 120 technology companies.

The NKF team was led by Transactions partners Philip Spoerlé and Adrian Koller, working with associate Lorenzo Henseler (Transactions), as well as counsel Marc Vogelsang (Tax).

Goodwin LLP with a team led by Winfried Carli and Marius Garnatz Markus and including Andreas Breu, Rebecca Stöcklein (all Private Equity, Debt Finance, Munich) as well as Philipp Lauer (Tax, Munich) acted as lead counsel in this transaction.