Top 10 Legal Advisors in Travel & Tourism Industry in the World in 2022 by Deal Value
Paul, Weiss, Rifkind, Wharton & Garrison LLP, White & Case LLP, Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates, Shearman & Sterling LLP, and Debevoise & Plimpton LLP are among the top 5 legal advisors in the travel & tourism industry in 2022 by deal value. Sundown Acquisition (JetBlue Airways)-Spirit Airlines was a major deal in the Travel & Tourism sector in 2022. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Debevoise & Plimpton LLP served as legal advisors to Spirit Airlines Inc, while Shearman & Sterling LLP served as legal advisor to JetBlue Airways Corp and White & Case LLP acted as legal advisor to Sundown Acquisition Corp. Sundown Acquisition Corp, a subsidiary of JetBlue Airways Corp, a passenger carrier company, announced to acquire Spirit Airlines Inc, for a purchase consideration of $7,600 million. TIER Mobility-Skinny Labs was another major deal in the Travel & Tourism sector in 2022. White & Case LLP served as legal advisor to TIER Mobility GmbH. TIER Mobility GmbH, a Germany-based micro-mobility company that provides sustainable ride-sharing solutions to its customers, has acquired Skinny Labs Inc. (operating as Spin), a US-based provider of kiosk-free bike-share services. The deal was completed in Q1 2022. Atairos and NBCUniversal Media-OEG Attractions Holdings was one of the major deals in the Travel & Tourism sector in 2022. Davis Polk & Wardwell LLP served as legal advisor to Atairos Management, while Skadden, Arps, Slate, Meagher & Flom LLP and Bass, Berry & Sims PLC served as legal advisor to Ryman Hospitality Properties Inc. Atairos Management, L.P., and NBCUniversal Media, LLC has acquired a 30% stake in OEG Attractions Holdings LLC, which directly or indirectly owns the assets of Opry Entertainment Group (OEG), an online platform that offers independent artists, writers, and performers, events, and live shows, from Ryman Hospitality Properties, Inc., a hotel, resort, entertainment, and media company, for a purchase consideration of $293 million. The deal was completed in Q2 2022.