HomeToGo's Strategic Acquisition of Interhome for €160M

HomeToGo SE has announced a major acquisition by signing a definitive agreement to purchase Interhome from Migros. Valued at approximately €160 million, this represents a significant move for HomeToGo, integrating Europe's second largest vacation rental management company into its group. This acquisition is anticipated to bolster HomeToGo's revenue, profitability, and free cash flow generation.

To support the acquisition, HomeToGo is launching an accelerated bookbuild offering aiming to raise about €85 million in new shares. Further, the financing will include a €75 million senior debt facility and available net cash. Regulatory approval is pending, with the acquisition anticipated to conclude in the first half of 2025.

Furthermore, HomeToGo's shares will undergo a capital increase through a private placement exempt from publishing a prospectus under EU Regulation 2017/1129. The company has received commitments from management and institutional investors.