Berlin—Global law firm Dentons has advised Intermedia Vermögensverwaltungs GmbH on the acquisition of air passenger rights portal Flightright, which is based in Potsdam, Germany. The transaction ̶  the value of which has not been disclosed  ̶  is still subject to approval by the antitrust authorities.

Flightright's business model is based on the judicial enforcement of claims for damages for airline passengers in the event of cancellations or delays. Legaltech solutions are used to enable passengers to file a standardized claim for damages. According to its own statements, the company retains 20 to 30 percent of the amount of the damage payout. The company, which was founded in 2010, employs 140 people and has already won €200 million in damages. Last year, Flightright took over its competitor Flugrecht and founded a subsidiary called X-Right, which is to offer additional legal services to consumers.

Intermedia is headquartered in Ludwigshafen, Germany, and is a subsidiary of Medien Union, one of Germany's leading media groups, which owns shares in several daily newspapers. Intermedia is the holding company for Meadien’s investments primarily in the field of digital media offerings. 

A Dentons team led by Berlin-based partner Dr. Arne Friel has fully advised the buyer during the purchase contract negotiations as well as the due diligence across several jurisdictions. 

Advisors Intermedia:

Dentons (Berlin/Frankfurt/Munich):

Corporate/M&A: Dr. Arne Friel (Lead Partner), Dr. Giannina Kreutz (Counsel), Dr. Jan Seelinger (Senior Associate), all Berlin

IP/IT: Dr. Stefan Dittmer (Partner), Yaadani Hufnagel (Associate), Fabian Hollwitz (Associate), all Berlin

Employment and Labor: Dr. Markus Diepold (Partner), Dr. Esther Brzezinski (Senior Associate), Minh Riemann (Senior Associate), all Berlin

Compliance: Dr. Ariane Loof (Sozia, Berlin)

Competition and Antitrust: Dr. Matthias Nordmann (Partner, Munich), Dr. Norman Hölzel (Counsel, Berlin)

Public Policy and Regulation: Dr. Julia Pfeil (Counsel), Dr. Markus Schrader (Counsel), both Frankfurt

Dentons (Paris):

Corporate/M&A: Dr. Ralf Nitschke (Partner)

Litigation and Dispute Resolution: Angélique de Lambert (Associate)

Dentons (Madrid):

Corporate/Litigation and Dispute Resolution: José Maria Buxeda (Partner), Manuel Olivenza (Associate), Amanda Vargas Tirado (Associate).

In-house law Intermedia: Dr. Vera Lieberwirth

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